
30 September 2024 | 16 replies
Some counties will only give you a list by email or tell you to look at the county legal newspaper, but many counties post a list on their websites, which are updated frequently.

29 September 2024 | 6 replies
If wholesaling is legal in WI without a license why is it illegal to have a property under contract without the intention of actually buying the property yourself?

30 September 2024 | 4 replies
Quote from @Mike Dawson: An LLC is useful for two things: anonymity and legal protection.

25 September 2024 | 8 replies
I'm hesitant to proceed without legal advice.

30 September 2024 | 5 replies
If your startup costs are over $55,000, you lose the immediate deduction, and the entire amount would have to be amortized over 180 months (15 years).Here’s an example to clarify:•If you spend $7,000 on startup costs (such as attending BPCon, legal fees, and market research), you can deduct $5,000 in the first year and amortize the remaining $2,000 over 15 years, starting when your business is officially active.

26 September 2024 | 12 replies
When an applicant is approved, I follow this process:1.

30 September 2024 | 9 replies
It's to provide clarity on Real Estate Financial, Tax, & Legal to real estate investors who probably don't have a strong background in tax, legal or financial.

1 October 2024 | 9 replies
Basically, they have the right to spend up to $500 without your approval, so you cannot really stop them from doing so.

1 October 2024 | 9 replies
However (I'm an insurance agent not an attorney) the legal wrangling of the PM not taking a necessary action could set up a situation where the insurance carrier pays then subrogates back against the PM company for their inaction so the property manager should also have appropriate general liability coverage for their business.This next part can change by state and insurance carrier...Being named as lienholder or mortgagee can set up the lender being involved on the payout of any damages - say there is a fire the checks cut for damage could name the insured and lender so both parties have to agree how those funds will be used.Some carriers have a rule that if the loss amount is under a certain dollar amount the check is only cut in the owners name / if the loss exceeds a threshold (say $25k) the check is cut in both the owner and mortgagee names.Being named as loss payee is literally that - the check is cut in your name or both the insured and your name.

26 September 2024 | 10 replies
Now, the expediter says they will only approve stamped plans.