I let my RE license expire a long time ago and I don't think it has held my investing back.

Hello Everyone,

I plan on using the BRRRR strategy; buying a house for cash and rehabbing, then refinancing. I’ve read a lot of people saying that lenders won’t lend to an LLC for conventional financing and that you ...

There is automatic stay and it is not lifted until discharge or, until a motion for relief is filed, held, and found in favor of the creditor.

We have held a rental property for over 25 years.

Comps on the home are between 210-220k and if the home is repaired it can sell on the market for $240k my problem is the owner who anticipated to get something at closing won’t get anything which has held up the closing because he wants to walk away with something.

Really could be any person or entity that held a note that defaulted.

The way he wants to classify this in the exchange is that he "held the property for appreciation."

How long have you held onto their funds?

Tenants can never be relied upon to report maintenance issues, thus the need for quarterly inspections, and in my opinion therefor can not be held responsible.

(I)(1) The terms "real estate broker," "real estate salesperson," "foreign real estate dealer," and "foreign real estate salesperson" do not include a person, partnership, association, limited liability company, limited liability partnership, or corporation, or the regular employees thereof, who perform any of the acts or transactions specified or comprehended in division (A) of this section, whether or not for, or with the intention, in expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration:(a) With reference to real estate situated in this state owned by such person, partnership, association, limited liability company, limited liability partnership, or corporation, or acquired on its own account in the regular course of, or as an incident to the management of the property and the investment in it;(b) As receiver or trustee in bankruptcy, as guardian, executor, administrator, trustee, assignee, commissioner, or any person doing the things mentioned in this section, under authority or appointment of, or incident to a proceeding in, any court, or as a bona fide public officer, or as executor, trustee, or other bona fide fiduciary under any trust agreement, deed of trust, will, or other instrument that has been executed in good faith creating a like bona fide fiduciary obligation;(c) As a public officer while performing the officer's official duties;(d) As an attorney at law in the performance of the attorney's duties;(e) As a person who engages in the brokering of the sale of business assets, not including the sale, lease, exchange, or assignment of any interest in real estate;(f) As a person who engages in the sale of manufactured homes as defined in division (C)(4) of section 3781.06 of the Revised Code, or of mobile homes as defined in division (O) of section 4501.01 of the Revised Code, provided the sale does not include the negotiation, sale, lease, exchange, or assignment of any interest in real estate;(g) As a person who engages in the sale of commercial real estate pursuant to the requirements of section 4735.022 of the Revised Code.(2) A person, partnership, association, limited liability company, limited liability partnership, or corporation exempt under division (I)(1)(a) of this section shall be limited by the legal interest in the real estate held by that person or entity to performing any of the acts or transactions specified in or comprehended by division (A) of this section.