All Forum Posts by: Nancy Ireland

Hello friends! I have several derelict houses that I have been working on fixing up and was originally planning on renting them out. Now I am thinking about relocating. My other rentals I understand I can do a 1031 exchange, but what about the several that are not habitable yet? What would be a good strategy to exit from those properties? I am looking at moving out of state. Thanks!

I would think that if the LLC has other holdings, litigants could go after those if a court determined that the LLC owed them money. I am new at this, so it would be good to consult an attorney.

Thanks for the reply, by the way, Ned! :)

It is in writing but it is very informal. It was not drafted by legal professionals.

Hello friends,

I am in an informal lease-purchase arrangements. Nowhere in the agreement does it say anything whatsoever about assignment. Can I assign this in Georgia? What would be the stipulations?