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Recent real estate law questions
I am going to buy rental properties in Michigan. i was advised
I am going to buy rental properties in Michigan. i was advised to have an LLC for each individual property. I need advice on how to set this up and consultation regarding any other factors I should be aware of (including registered agents).
Now that you mention it, Richard, I know this might be a
Now that you mention it, Richard, I know this might be a little off the wall, but I like to keep tabs on industry trends. So, if you don't mind, what are the top three real estate law questions you get asked - in broad strokes of course. For instance, I imagine questions about buying rental property for investment reasons are quite common....
Im a US citizen living in USA. My parents are foreign
Im a US citizen living in USA. My parents are foreign nationals (Indian) and currently do not live here. They however visit me every year or so. My question is if they can legally buy rental property here in the US? They would like to buy the property on cash and have the monthly rent income deposit in a US bank for their retirement. Do they need to get a ITIN# ***** buying the real estate property? I found out from a bank and they said they can open an account without a ITIN#? What does IRS say about the income? Can they legally own a rental property in the USA?
PA** When does frontage matter when it comes to buying
**PA** When does frontage matter when it comes to buying rental property? We see a property that is at a great price, however it is located 'rear' of the road, with no frontage and it does not border any legitimate street. If we plan on using this propertyindefinitely as a rental, will not having frontage be an issue?
I wish to start consulting services for aspiring small time
I wish to start consulting services for aspiring small time landlords in the state of Tennessee. For a small fee I will help them with the process of buying rental property,finding tenants, leasing and maintaining. I am not a real estate agent and I have nothing to do with the field. I wanted to know if I would require any license for this business?
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My clients house is in foreclosure and he has a friend who
My client's house is in foreclosure and he has a friend who wants to purchase the house. The friend would then lease the house back to my client after purchase. Considering foreclosure laws, is it okay to do this? Are any transactions "forbidden"?
In buying a rental property in a college campus area what isView more real estate law questions
In buying a rental property in a college campus area what is the best way to deed the property for least amount of risk to our personal home and wealth from unforeseen liability. Our daughter will occupy the premises and will find 4 additional tenants.