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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Buying & Selling Real Estate

Post: Oil Tank?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Call your attorney. Good luck.
0 Votes
Short-Term & Vacation Rental Discussions

Post: Myrtle Beach/ condos/ HOA fees/ profits

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Unless Myrtle Beach is different than other coastal markets, your condo will not cash flow. The primary reason is COA dues. Good luck.
0 Votes
Starting Out

Post: Who is/are the most important member(s) for your team?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Lawyer and CPA, in either order. Good luck.
0 Votes
Wholesaling

Post: Wholesaling and Earnest Money Deposit

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
You can't. Back to the drawing board. Good luck.
2 Votes
Tax, SDIRAs & Cost Segregation

Post: LLC formation / asset protection

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Legal questions are for lawyers. It's what they do, so please visit with yours instead of looking for legal advice from an Internet forum. Good luck.
0 Votes
Wholesaling

Post: Seller went behind my back and sold the property.

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Move on and better luck with the next one.
1 Vote
Wholesaling

Post: Purchase Agreement

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Or, you could ask your lawyer to make sure that you can transfer your contract under your state's law.
0 Votes
Mortgage Brokers & Lenders

Post: Is switching banks okay?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Go for it. Good luck.
0 Votes
General Landlording & Rental Properties

Post: Is forming LLC for my rental properties a good option?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
We buy all of our properties in LLC's for limitation of liability purposes. Good luck.
0 Votes
General Real Estate Investing

Post: How to finance a Duplex with little down as possible

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Either that or wait until you find something that you can actually afford.
0 Votes