Adam Burrows
How to Avoid "Piercing the Corporate Veil?"
1 July 2024 | 5 replies
This is all to show to a Court and a savvy plaintiff attorney (when you get sued) that your business activities follow corporate formalities and they are separate from you as an individual.
Natalie Campbell
Has the "veil been pierced"?
30 June 2024 | 4 replies
LLC is VERY IMPORTANT to organize in the correct states that don’t require formal records to maintain separation between LLC and personal.
Rachel Jones
Screening Tenants- Verification Recommendations for previous landlord and employment
1 July 2024 | 6 replies
That brings me to the most important piece, I have formal written qualifications well before you ever advertise the space.
Account Closed
How to do wholesaling RIGHT? In Maryland/East Coast and Nationwide.
3 July 2024 | 20 replies
While this is part of their business model, an extensive presence of wholesalers can create a perception of a lower property valuation in an area, especially if most properties do not go through the more formal appraisal processes with realtors.Disruption of Market DynamicsWholesalers operate on quick sales, which can sometimes disrupt the usual pace of the market.
AJ Wong
Three alternative creative financing solutions to get a lower mortgage rate
29 June 2024 | 3 replies
Occasionally this presents investors with an opportunity to avoid a formal mortgage qualification process and obtain their mortgage privately from the seller(s) directly.
Luke Edwards
Pay off existing loan to close on property for seller financing
27 June 2024 | 2 replies
Subject-To Financing:Definition: In a subject-to deal, the buyer takes over the existing mortgage payments without formally assuming the loan.
Deborah Lynch
Has anyone worked with Core Capital Lending?
26 June 2024 | 7 replies
Hello Deborah,We are able to close on over 90% of deals that receive formal term sheets.
Amy Lemaistre
Contractor failing to complete work and making costly mistakes
26 June 2024 | 3 replies
Take Photos: Capture images of the incomplete work, the removed alarm system, and the broken tile.Written Records: Keep a written record of all communications with the contractor, including dates and details of conversations.Scope of Work: Check the contract to see if it explicitly mentions the removal and reinstallation of the alarm system, as well as any handling of fixtures like the fireplace tile.Breach of Contract: Identify any clauses that the contractor has violated by not completing the work or causing damage.Formal Letter: Write a formal letter to the contractor outlining the issues, referencing the contract, and requesting a resolution.
Ria Lamb
Putting a 1031 exchange property into an LLC (3 years later)
28 June 2024 | 41 replies
And you might be best served to strengthen and formalize that situation as quickly as you can.
Kiefer Cheney
Tenant is starting to become a problem
24 June 2024 | 3 replies
I have 1 rental property that is a duplex as a house hack and the tenant that has been living there for about 3 months now is giving me some problems(not anything that cant be talked about and solved over conversation I just dont want it to get worse) and I want to go and sit down with her this upcoming week to have a formal meeting(not at the house) just to talk about some things, where could I do that.