Here in MD (and I think most everywhere elsr in the country), a Realtor can prepare and provide standard lease forms and disclosures.

Full disclosure, I have not taken either course but listen to Carson's podcast and used Jennifer's deal finder resource and follow her Facebook page for real estate investors) for better training that will not drain you of all your seed money.

You should have signed a disclosure statement with them at the beginning of the job that stated how much their bond is and how to access it in the event you need to.

. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?

. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?

how much less should a property be sold because of as is disclosure?

@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

.### Final Thoughts:- Consider a modest but impactful price drop to $235,000, which is closer to your minimum acceptable price, and simultaneously address any concerns buyers might have by being proactive with inspections and disclosures (mold, cesspool). - Don’t hesitate to tweak your marketing strategy or even target alternative buyer groups like cash buyers or investors looking for vacation rentals. - If you don’t get significant movement within the next few weeks, preparing for a rental strategy might be the safest way to avoid holding onto the property through winter at a loss.

Add to this the rapidly evolving regulatory climate with additional disclosures many wholesalers are required to make before entering into contracts. 

Full disclosure.