Gabriel Z.
Questions about my Subject-To scenario
5 July 2024 | 8 replies
You contract with the seller should spell out exactly what the risk are for him; further, you should not do this deal unless (1) the seller utilizes the services of an attorney to advise him (2) you have the cash or credit capacity to payoff or refinance the loan if it is accelerated due to the due on sale clause and (3) proper safeguards by way of third party servicer, escrow, legal documentation, are adhered to.It seems you may have a big winner; however, it’s just these that lead to lawsuits if not handled properly.
Bob Beach
Property Managers, Red Flags?
6 July 2024 | 25 replies
They don't seem to have any integrity challenges exaggerating and even lying to gouge their clients.You should review your PMA to make sure it clearly spells out what they CAN and CANNOT do.
Joey Morgan
Help with writing a "subject to" offer
3 July 2024 | 6 replies
The buyer and seller sign disclosures at closing outlining all of the various risks of a subject-to transaction; they agree and understand that they are voluntarily proceeding, having had the opportunity to obtain the advice of independent counsel; and of course they release everybody involved (including any real estate agents) from liability.Ours even spells out exactly what will happen if they try to blame us for their own stupidity including agreeing to indemnify us for any attorneys fees and expenses we incur in defending and/or dismissing the complaint.
Adam Gott
Looking for property manager in Pocatello, Idaho
3 July 2024 | 4 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
Gerry Cohen
DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset
10 July 2024 | 256 replies
It's all spelled out in the cause of action..
Philip Murray
Newbie Hopeful Investor- Northwest Indiana
2 July 2024 | 23 replies
Sorry about the spelling errors.
Leonard Rybak
Reverse House Hack into a future permanent residence.
2 July 2024 | 5 replies
Sorry for my horrible spelling and grammar.
Calum Shallenberger
Looking for a Property Manager in Temple Texas
2 July 2024 | 4 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
Federico Sarcina
Property manager recommendations
2 July 2024 | 3 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
Luca Giani
Seeking Advice on Property Management Issues for Out-of-State Real Estate Investment
3 July 2024 | 15 replies
While there make sure you spell out expectations and put it in writing.