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21 September 2019 | 3 replies
And please consult an attorney before doing anything like that - I am not one and that would be inserting something into the title so it's an irrevocable act and you should fully understand the consequences of it before doing so.Similarly people sometimes get a notarized memorandum of agreement in addition to the P&S, that they record after they get something under contract, but getting that notarized is a bit more awkward than just signing a P&S at the kitchen table.
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6 October 2019 | 12 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.
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7 October 2019 | 32 replies
For my llc I plan on making another capital contribution to fund business expansions or open up a separate LLC.Need to research irrevocable trusts
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26 November 2019 | 0 replies
1 Related Discussions1031 ExchangesMoving 1031 DST property into irrevocable trust?
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10 December 2019 | 8 replies
You grant the lender an irrevocable power of attorney to control all your assets, sell them, tap into them - do as they please, while the lender explicitly disclaims (you release them from) all liability for any action, inaction or mistake they may make in doing so.
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24 October 2019 | 20 replies
Personal assets are held in an irrevocable trust.
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23 December 2019 | 2 replies
A revocable for our non property assets and an irrevocable for our REI?
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8 January 2018 | 14 replies
Holding property in an irrevocable trust is safer and holding property inside an LLC that is owned by the trust is better.
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30 January 2018 | 5 replies
if your local County's website allows it do a search for "irrevocable", "revocable", or "Trust" in the owner's name field to find those properties.
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29 January 2020 | 6 replies
He asked why banks do not lend anymore to irrevocable trusts and I knew the answer was "no" (at least at the ones I've worked for) but didn't really know the "why."