All Forum Posts by: Robert J. Van Horn
Robert J. Van Horn has started 4 posts and replied 4 times.
Post: Protect my wife from my LLC
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I’ll be opening my own business soon (I’m so excited to get into the business of real estate investing and property management )
However I am having a hard time (by the way I'm in Florida ) finding any information when it comes to protecting my wife from my LLC / business . I'll elaborate : I want to be sure should (heaven forbid) I have some sort of legal action against my company , how do I ensure that my wife and her livelihood cannot be dragged into it / in Jeopardy?
(Note : I am the single owner of the LLC / company )
Post: Double closing , legal ?
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I’m just breaking into he wholesale / investment property scene . My wife and I were having a very thoughtful discussion on how exactly these transactions legally are allowed to happen . Here is my example .
I put a bid on a 250k property for 150 , the seller agrees and sets a “anytime in the next two weeks” to close that deal.
(Note I will be using either transactional funding or a backers funds to purchase the property )
I then call my list of cash buyers and one agrees to a sale price of 190k . I then set that closing date the same day as my original purchase date / closing .
I suppose my question is : am I able to set a contract to buy a property that I haven’t officially closed on yet ? What happens if my original sale / close doesn’t go through , now I have a contract / purchase agreement with my cash buyer for a property that I now don’t have .
Does anyone have any anecdotal stories or perhaps literature that I could refer to , to find more information to put myself and my wife at ease?
(We live in Florida by the by )
I’m looking at getting into the wholesale business . I’m working with an individual whom has been doing this for a while, he recommended that I give this network a try .
So, what advise would you give a newbie to the scene of real estate wholesale ? Specifically when it comes to acquiring customers / clients , possible forums or maybe individuals to follow or books to read ?
I’m curious about how one can best attain customers / leads for a budding wholesaler.