Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Warn them that you will report them to the state commission if they attempt to charge you or refuse to comply with your demand.3.
Jerry N.
Snow removal SW suburbs
16 January 2025 | 2 replies
Used PSI last year, they did a bad job, the snow wasn't even bad last year and with several attempts asking them to do better within the terms of the contract, they still sucked.
Briar Blake
Property Managers Violated Contract
25 January 2025 | 13 replies
We do attempt to notify the owner before we make the decision and give them the opportunity to give input but keeping the property and tenant safe, and following the Tenant Landlord Laws are more important than getting permission.
Kayla Elliott
What is the best loan strategy for this buy and hold?
23 January 2025 | 6 replies
I was going to do that in an attempt to get creative with my financing options so that there are no liens on it and I could borrow against it as an option.
Charles Evans
New House Hacker
22 January 2025 | 13 replies
Most other things are worth attempting to resolve yourself after ensuring safety and doing research.
J Lee
Philadelphia Sheriff Sales (Mortgage Foreclosures)
24 January 2025 | 4 replies
If not, I do not recommend sheriff sales as a first attempt.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
Yes, they can dispute the charge and then the CC company will have to open a dispute that you will have to answer to attempt to get your money.
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
My humble advice to anyone attempting to do creative finance is:Creative finance is for experienced investors who have access to capital if anything goes wrong.Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal levelLearn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are neededKnow everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
The recent consecutive mistakes have been so EGREGIOUS, that I honestly thought that it was either A SICK JOKE, or some coordinated attempt to push out some of their tenured clients.