Quote from @Scott MacComb: I have had contractors just do a small list on a paper napkin, and some do something on a word document.

This news sent the deal’s value into a tailspin.At this point, I was looking at barely breaking even.

They legally have to have this document filled out if they pay you more than a certain amount over the period of 12 months.

The commitment letter also stated there will be contracts and other documents to sign but that never happened.- When I called the brokerage admin to let them know I had quit the team and to change my status to solo agent, they said their system shows me as a solo agent and that the TL never submitted paperwork to add me as being part of their team.

All of the official documents I've found so far point to the national FHA requirements as their source.

Active syndicators are frequently quoted in news articles or have entire articles written about them in trade and mainstream publications.

I would also reach out to real-estate friendly lawyers to help you draft the necessary documents to form an LLC and to talk through the pros/cons for various decision.Also, I'm curious why you decided to invest in BHAM.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

Details matter: keep a log (something like an excel spreadsheet) that documents the date, duration, and events that occurred/work you did. 2.

If you bite on investing they in the past and maybe now send you documents with an address in Wyoming.