All Forum Posts by: Chad Hurin

I'd assume that it does qualify but wanted to see what others thought. Thanks @Levi T. for your input!

Hi all.

So, If I'm on vacation out of the country and need to spend a little extra for internet, say the $9.99 24-hour wifi charge from some hotels or international roaming text messages, etc, can I write that off as an business expense and charge to business CC If I communicate with my property managers or at least need to be available?

Thanks!

Welcome @Chad W.

Hey Mike,

Moved out of the Triangle with my wife. Had a good time last time I attended the meeting in Cary. Wish I could make this one. Keep em going. Hope all is well.

Welcome Tim & good luck in your journey.

Regards,

Hi NC,

What specific banks do you use for your Renters deposits? I can't seem to find many banks that has a 'trust' product for landlords to keep their tenants deposit in. Thanks

Thanks for the responses.

Yes @Mindy Jensen, I think It is very similar in NC. He at least mentioned that exact scenario. I feel like after he talks with his attorney itll be know that it is ok.

@Steve Vaughan, He is very willing to do it and actually prefers to do it but very careful and doesn’t want to get in trouble.

Thanks again!

Oh yea.

Count me there. Had a great time last time @Michael Jobe. Thanks for setting these up!

See you then.

So, some of my other posts show I bought a few units from a guy that offered owner finance. His SFH are all in a land trust and the way the attorney wrote the note is we are both beneficial interests of the trust (not sure if I'm using right terms for explaining this) and I gain more and more interest as I make my payments to him. After last payment, he drops off. He offered to PM for me for a discounted rate because, after all, he has interest in the properties. However he is worried because he doesn't have a RE license. The way I've looked at it was we are both owners for now. He's worried about legal ramifications that I or maybe a tenants could bring. If something could go wrong.

My question is… the way we have this deal set up, is he protected from being fined for not having a license? And if he is, how? If he is not, what can we add or change to make this work without getting a RE license (waiver, ownership in my LLC, etc). Please advise.

Welcome. Look forward to your progress!