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15 November 2024 | 7 replies
Unless you are running multiple business operations (like a PM business, sales, contracting) the need for a master LLC typically only creates havoc for you.
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11 November 2024 | 1 reply
An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.
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11 November 2024 | 2 replies
If it is not in the contract, the contractor has the right to believe they are not responsible for it.
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10 November 2024 | 2 replies
Directly investing in real property investments, whether property, notes, tax liens, or leases requires a THOROUGH understanding of all LEGAL aspects concerning real estate law in general and the investment in particular.It’s IMPOSSIBLE for someone who hasn’t accumulated either a legal education in real estate law or 20 years active experience to have the knowledge and understanding of legal aspects sufficient to reduce legal risk to an acceptable level when investing directly in tax liens, notes or real property.
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14 November 2024 | 25 replies
I have always loved them, they keep it clean, u can even ask the military to directly transfer monies into your account without the hassle of asking tenants if they get late, only downfall is they are legally allowed to leave the house anytime based upon their transfer status - still worth every bit!
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13 November 2024 | 34 replies
Definitely none of my business to give any legal advice however, in respect to qualifying for a DSCR loan and using an entity, this is what I have seen.
6 November 2024 | 19 replies
I know of many people that made money that way and it was perfectly legal.
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14 November 2024 | 6 replies
This tax applies to rental contracts entered into on Jan 1 and after.
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11 November 2024 | 2 replies
I would loop in the real estate agent since it was his recommendation and not pay the rest as there is no contract.
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13 November 2024 | 4 replies
I recently secured my first off-market property under contract.