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29 March 2015 | 14 replies
. - at a minimum, most underwriters will require a 4-point inspection (plumbing, electrical, roof, & HVAC) before issuing an insurance policy.In some cases, you may be able to get a "liability only" policy that would provide some protection and a duty to defend in the event of an injury or other incident on the property, but you run the risk of an award exceeding your insurance limits and dipping into (or at least tying up) your personal assets, making the LLC or other legal entity even more critical.In my opinion, if you are serious about moving forward as a rehabber or landlord, the expense to form an LLC or corporation is minimal and should be one of your first moves.Previously posted elsewhere:"An LLC is more for asset protection than tax advantages (though it may provide some tax benefits if you opt to tax it as a corporation...talk to your accountant).Example: Contractor falls off the roof and breaks his leg at your property.
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5 January 2016 | 7 replies
If it is, and there's no dismissal or relief from stay the sale will be postponed until the case is dismissed or the lender is awarded relief.
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25 May 2015 | 48 replies
As for referrals, you can invite them on board with our invite short link or via our email tool at - http://www.biggerpockets.com/invitesWe have awards and offer you the knowledge that you're helping your friends be more successful in their lives.
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20 February 2016 | 2 replies
Especially if that debt is one that is knowingly and willingly entered into, such as a contract, loan, credit cards, etc (I make exceptions for unforseen debt, like runaway jury awards).
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7 April 2016 | 0 replies
Phase 1 environmental testing has been inconclusive, and a grant from the state has been awarded for phase 2 & 3 testing with the balance going to any clean-up.
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22 October 2016 | 9 replies
I then emailed the guy explaining my skepticism and he said he had my mindset but then he took the dive, became successful, won awards, and met long time friends.
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5 August 2015 | 1 reply
So because I did that, there was a hearing in which the landlord was awarded $800 for 'legal costs'.
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23 January 2015 | 8 replies
@Joshua DorkinI recently got the "Popular Poster" award, which is for starting a topic with more than 1500 views.
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7 January 2014 | 13 replies
In in age where people are frequently awarded millions in frivolous lawsuits, you would think someone would have grounds for something against this guy.
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5 March 2016 | 7 replies
A Commercial Offer to Purchase would have provided two options[x] buyer intends to occupy[x] seller to deliver vacantThe seller would have had the illness on them, but as is, without those contingencies, you're on the hook to manage it for yourself.The nasty here is the NO FAULT eviction awards $xxxx for relocation fees.