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20 January 2025 | 57 replies
Posting this here in hopes that other sub to 'sellers' see this and take action against these predators. ”getting it out of this sub to agreement that is probably not enforceable in most jurisdictions”“It is fairly easy to prove that the sleazy and less experienced sub to people had ill intent”Can you sight specific legal cases that back up the above assertions?
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29 January 2025 | 19 replies
I think hard money lender to take this risk cannot legally charge appropriately which means the law is working against you (the law meant to protect owner occupied owners from unfair loans).I agree with @Jay Hinrichs that your best option likely is to sell on the mls.
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27 January 2025 | 56 replies
I've always been able to find my STR clients investments that are legal and whose numbers works.
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3 February 2025 | 3 replies
Registration fees $800+ SOI $50 fees California and legal stuff-keeping it simple-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name.
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2 February 2025 | 13 replies
In CA, you are legally required to have a CA LLC if you are "conducting business in CA".
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6 February 2025 | 0 replies
The contract was a simple 3 page one and I wrote this in.Also, it is a single family being rented as a rooming house (which is technically not legal here).
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18 January 2025 | 11 replies
One question that you may not want to post here for legal reasons, is how much are you paying your PMC?
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23 January 2025 | 165 replies
Not legal advice.
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5 February 2025 | 38 replies
This entity is currently raising funds from investors with promises of 82% returns.Ron Fossum, dissatisfied with his simple, concealed role at Norada Capital Management, is also involved other business ventures, none of which appear to be legal.
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15 January 2025 | 15 replies
I sold that in 92. next iteration was 2002 when I started a new lending company in Portland OR to specifically fund Turnkey buyers in the mid west doing BRRRR loans we killed that.