Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
As you pointed out, an attorney want's to know they will get compensated for there work.
Anthony Jackson
Norada Capital Management Promissory note investment
8 December 2024 | 36 replies
Instead, they get compensated by Turnkey providers or builders with a marketing fee:“…we as the turnkey property promoter gets compensated by and only by the turnkey provider or builder that we are working with, they are essentially paying a marketing fee,” ( Link ).
Vivan Bhalla
Akron Property review and advice needed
19 November 2024 | 3 replies
They couldn’t handle the situation, and after months of frustration, I ended up dealing with the tenant directly to collect rent myself.RTR knew they’d messed up and even paid me some money as compensation, asking me not to post anything negative (which I’m clearly not doing).
Jeff Sitti
$100k Inheritance - What would you do?
19 November 2024 | 19 replies
If he talks to a financial advisor, make sure he asks them how they are compensated and whether they are a fiduciary.
Yents Ybrimovic
203K loan new investor question
15 December 2024 | 14 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
Kevin Zmick
Having Trouble Renting Unit in First Property
15 December 2024 | 21 replies
Don't be obnoxious, but a few open ended questions may give you good insight into what your unit may be lacking and what people do like about it, to help drive future upgrades and marketing, and maybe help compensate for a shortcoming in the short term too.
Wendy S.
Buying new car cash vs financing
7 December 2024 | 18 replies
We have been sharing a car since 2020 in different households when she worked from home and attended college online.She worked and studied, maintained good grades and was compensated for it via her school and the system.
Jon Pflueger
Predictions on the FARE act and its effects on the NYC rental markets?
15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
Sandra Ho
Better to have no tenant or a tenant with history of multiple late payments
18 November 2024 | 11 replies
Even if they pay late sometimes, you have a late fee to compensate you.
Mike Miller
Any Cloud Brokerages that Do Not Require You to Join a MLS?
14 December 2024 | 36 replies
It was $100 a year and I was not required to join the MLS.To earn a commission you have to be a member of the MLS unless the agent agrees in writing to pay you a compensation before the showing.