All Forum Posts by: Michael Healy

Alice K. I don't disagree with anything you're saying. But I think the truck metaphor is apt. Just because I lock my truck doesn't mean someone won't steal it, but it'll make it harder and it's just good practice. By sending both my attorney and my lender notes with my LLC address and explicitly saying "please use this address in all documents and correspondence pertaining to this transaction," I thought I could safely assume I was "locking my truck." In this case the lock was defective! :-)

Thanks, Levi Thornton that's very sage advice. Do I want to be right or happy...

@Account Closed yes of course but I'm not sure what your point is. 

James King well it depends but I want everything to be separate and went to the trouble of setting up a PO Box for that purpose and now my tenants have my home address and the public land records are showing my home address. Jay Hinrichs I know it wouldn't hold up in front of a judge I just mean between a professional and his client I believe my attorney need to own and fix this.

And if any professional ever said to me, "well you signed it..." I would never use them again and would likely dissuade others from doing so.

Yes it's a lender but they are lending to my LLC with a personal guarantee from me. And it's the wrong home address to boot, so it's not even the right wrong address.

Yes and I made that clear to my attorney who is acting with, well, power of attorney. I consider this his screw-up.

Hi everyone,

I need some advice. I set up through my attorney an LLC with a PO Box and street addressing. I did this many months in advance of closing on my first property, which took place on 9/30.

Yesterday I picked up all my closing documents from my attorney (the same one who set up my LLC), and my home address is on every document...HUD-1, Deed, Notice to Tenants, Loan Agreement, etc.

I am LIVID. On one hand, I probably should have spotted it while I was signing all these documents, but I sort of think that's the attorney's job, no? Having set up the LLC himself, and having observed me correcting the address with other parties (eg, insurance binder), this isn't a difficult thing that needs a hawk's eye. Pretty simple..here is my address.

What can I do? What would you do?

MH

Yes the application fee is illegal in Massachusetts.

Well the issue is I need a place to stay when I'm in town so can I just stay in my own investment property by keeping a unit for myself? I thought paying my LLC rent would make it more above board. But what if I just used the unit without paying rent. This issue is needing a place to stay and wanting to do it legally. Not so much trying to get some financial advantage from it.