Stuart Grazier
Private Lending Scenario with Question
16 April 2016 | 2 replies
Since Investor B has the 1st lien position, what other type of instrument can be used?
Jessica Swingle
Note Brokering Notes in Multiple States...Strategy?
16 September 2013 | 29 replies
He also said brokering in the way that I described it may be construed as wholesaling security instruments (similar to what I'm hearing above) but he wasn't exactly sure on specifics.
Christopher Sica
Property Taxes Are So High in Austin
17 October 2013 | 10 replies
Williamson County makes sense as its going to have a bunch of folks from Dell and Instruments moving in up there to do work for a couple years and then getting transferred.
Paul M.
HELOC or lien?
26 February 2012 | 5 replies
This would mean the lender files a security instrument (deed of trust/mortgage) against all properties given as collateral.
Account Closed
What happens to my credit if I do not pay condo fees?
6 April 2012 | 1 reply
Which is probably the most likely event if allowed and is something that there is a cost benefit to the HOA.Most of the time, when your property finally sells they try and re-coupe as a function of clouding title which tends to be the method of highest success for them to get back dues caught up.
Antonio Pican
New residential construction partnership structure - How to split
25 September 2019 | 3 replies
If the lots are in high demand you could ask for more or sell it outright.Once you agree on terms I would definitely have an attorney draft all documents and security instruments.
Jenny Davis
New Member
19 January 2016 | 13 replies
These meetings can be instrumental in your success when first starting out.
Zac Davis
New Invester, trying to overcome fear
3 December 2015 | 17 replies
Physical skills are best learned by practice, Ben practiced playing his instrument, this is experience.
Dorraine S.
Newbie Property Manager from LaGrange, Georgia
31 May 2011 | 12 replies
., Title 43, Chapter 40, Section 29 (43-40-29)(a) Except as otherwise provided, this chapter shall not apply to:(1) Any person who, as owner, as the spouse of an owner, as general partner of a limited partnership, as lessor, or as prospective purchaser or their regular employees, performs any act with reference to property owned, leased, or to be acquired by such owner, limited partnership, lessor, or prospective purchaser where such acts are performed in the regular course of, or as incident to, the management of such property and the investment therein or any person who manages residential apartment complexes under a contract approved by any federal agency for an organization which is exempt from federal taxes pursuant to Section 501(c)(3) of the Internal Revenue Code, as defined in Code Section 48-1-2, provided that such person was engaged in managing such property under such type contract prior to January 1, 1989;(2) An attorney in fact under a duly executed power of attorney to convey real estate from the owner or lessor;(3) A licensed practicing attorney acting solely as an incident to the practice of law;(4) Any person acting as receiver, trustee in bankruptcy, administrator, executor, or guardian or acting under a court order or under the authority of a will or of a trust instrument;(5) Any officer or employee of a government agency in the conduct of official duties;(6) Any person employed by a public or private utility who performs any act with reference to property owned, leased, or to be acquired by the utility employing that person, where such acts are performed in the regular course of, or as incident to, the management of such property and the investment therein;(7) Any person who, as owner or through another person engaged by such owner on a full-time basis, provides property management services or community association management services, buys, sells, leases, manages, auctions, or otherwise deals with property owned by such person;(8) Any person employed on a full-time basis by the owner of property for the purpose of providing property management services or community association management services, selling, buying, leasing, managing, auctioning, or otherwise dealing with such property;(8.1) Any person employed on a full-time basis by a community association for the purpose of providing community association management services;(9) Any person acting as a referral agent who is not involved in the actual negotiations, execution of documents, collection of rent, management of property, or other related activity which involves more than the mere referral of one person to another and who:(A) Does not receive a fee for such referral from the party being referred;(B) Does not charge an advance fee; and(C) Does not act as a referral agent in more than three transactions per year;(10) Any individual employed by a broker to assist in property management services on property on which the broker has a written management agreement that the broker procured from and negotiated with the owner, provided that such individual's activities are explicitly authorized by the broker in a written agreement between the broker and the employee and provided that such activities are limited to one or more of the following:(A) Delivering a lease application, a lease, or any amendment thereto to any person;(B) Receiving a lease application, a lease, or any amendment thereto, a security deposit, rental payment, or any related payment for delivery to and made payable to the broker or the owner;(C) Showing a rental unit to any person, provided that the employee is acting under the direct instructions of the broker, and executing leases or rental agreements;(D) Providing information authorized by the broker about a rental unit, a lease application, or a lease;(E) Providing information to a tenant about the status of such tenant's security deposit or rent payments or to an owner about the owner's financial accounts and payments from the owner's tenants; and(F) Performing any ministerial acts that are explicitly authorized by the broker in a written agreement between the broker and the employee.Any broker utilizing the services of such an employee shall be held responsible under this chapter for the activities of that individual;(11) Any person who provides property management services on properties available for less than 90 days' occupancy by guests or occupants and meets all of the following conditions:(A) The property manager enters into a written agreement with the owner specifying all terms and conditions under which the property is to be managed, the reporting of income and expenses, and the remitting of income to the owner;(B) The management agreement between the property manager and the owner does not allow the property manager to rent or lease the property and any agreement between the property manager and the guest or occupant is not a lease or rental agreement;(C) Any applicable zoning laws do not prohibit short-term occupancy uses of the property; (D) The guest's or occupant's occupancy is for less than 90 days;(E) No deposit exceeds the cost of the rental required for the minimum rental period;(F) The guest or occupant pays any required state or local sales taxes or excise taxes on rooms, lodgings, and accommodations and the property manager has any required state or local business licenses or permits;(G) The property manager has the authority to specify rooms or units that the guest or occupant will occupy;(H) No extra charge is made for basic utilities;(I) Notice is not required for a guest or occupant to terminate occupancy of the room or unit, except as provided under the provisions of Article 1 of Chapter 21 of this title; and(J) The room or unit is not the permanent residence of the guest or occupant;(12) Any person who is a member of a community association and who provides community association management services only to one community association of which such person is a member;(13) Any person who performs only physical maintenance on a property; or(14) A licensed certified public accountant or registered public accountant acting solely as an incident to the practice of public accounting.
William Schuur IV
Just starting out in Tacoma, WA
31 October 2013 | 12 replies
couped with rapidly rising rents in Seattle were seeing a shift to areas like Pierce/Snohomish County where rent is more affordable - and not nearly as much development.