All Forum Posts by: Brian Williams
Brian Williams has started 2 posts and replied 5 times.
Post: Buying land with owner listed as "ABC Inc Profit Sharing Plan" -

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I am using a title company and will have title insurance.
Post: Buying land with owner listed as "ABC Inc Profit Sharing Plan" -

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Non realtor (me) drawing up purchase contract with seller financing land deal, owner is listed as "ABC Inc Profit Sharing Plan" in the county CAD. The selling realtor is telling me to put seller as the name of an individual (the individual and his wife are listed in the CAD contact address as a "trustees" but only as contact address, not as owner-the corp is the owner). I dont suspect any intentional foul play here, apparently he is a doctor and most likely is in control of the corporation but I need to make sure they arent trying to execute a prohibited transaction. Any advice for due diligence here? My instinct tells me to name the seller as the Corporation on the contract and have the trustee sign as authorized party. Other than requesting corporate charter naming the individuals as authorized, anything else I need to look out for? Would an attorney want to see the profit sharing charter rules? Thanks for any advice.
Post: How to conceptualize rehab design for max impact, a few photos

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Post: How to conceptualize rehab design for max impact, a few photos

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Looking at this kitchen (Rehab/Flip deal), I know how to price out work and deal with subs but how are people coming up with how to redesign the layout? I know there's CAD programs and so forth but on smaller projects ($50-$60k in rehab) are REI people hiring interior designers? What would you do with this kitchen? 50s house needs updating to sell and compete with the nearby comps.
pmd you