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23 September 2023 | 12 replies
https://www.biggerpockets.com/forums/926/topics/1097903-all-my-reis-are-in-an-llc-why-am-i-being-personally-suedI suggest one of the LLCs is the one used to open a bank account and run all related income & expenses through it to avoid the accusation of commingling funds, to be able to write checks and to send and receive wire transfers.
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28 September 2023 | 8 replies
I know after the eviction is approved they have another 5 days to vacate the property, but I'm concerned they'll trash the place after the judgement, and curious to see if I can get them out same day as the court hearingThat's a really interesting question.I was assisting as a "professional witness" (I have professional experience) in a disputed real estate transaction, in federal court.The plaintiff was clearly scamming the investor.
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1 November 2023 | 5 replies
Almost like accusing someone of abandoning their child or pet when they had it.
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17 January 2024 | 11 replies
@Christin PrinceHi Christin, I have used Chris Caldwell wit Movement Mortgage here in AVL for conventional loans and he has been great.
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28 March 2023 | 48 replies
Not only for their own safety, but for the safety of other tenants in the same building.Your post is the typical hand wringing, victim mentality to accuse people of ignorance and confirmation bias, etc.
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18 June 2023 | 51 replies
When you see an elderly woman with SEVERE health issues that could be eased with proper care (that requires finances), like better diet, not the free once a month package of puddings, canned tuna, cheap bread she was getting, proper medicines for her breast cancer, diabetes and heart failure, and proper amenities - like a walk in shower so she can wash and not be covered head to toe in yeast sores from inaccessibility - You get creative on solutions to help that won’t financially harm your own family.We hired lawyers, arranged for multiple meetings with her church and scheduled realtors and witnesses all to make sure she was fully educated and that everything was legal.I appreciate your concern for a member of the elderly community, truly, but attack messages like these are what happens when you can’t possibly know the full story, including the fact that Miss Kat calls multiple times a week, that she is extremely relieved her home is no longer in danger of catching fire, flooding from damage from Ian everytime it rains and that the city isn’t assigning a social worker because now her doors lock and her home has been cleared of obstacles, trash and hazards.And yes, we’ll benefit in the long run and we’ve run our numbers based on the fact we can carry her for 15years.
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20 April 2023 | 13 replies
I have upvoted everyone that responded to me, except for the poster that basically accuses me of being a drama queen.
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27 August 2023 | 5 replies
https://www.biggerpockets.com/forums/926/topics/1097903-all-my-reis-are-in-an-llc-why-am-i-being-personally-suedI suggest you have ann LLC to open a bank account and run all related income & expenses through it to avoid the accusation of commingling funds, to be able to write checks and to send and receive wire transfers.
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28 August 2023 | 5 replies
https://www.biggerpockets.com/forums/926/topics/1097903-all-my-reis-are-in-an-llc-why-am-i-being-personally-suedI suggest one of the LLCs is the one used to open a bank account and run all related income & expenses through it to avoid the accusation of commingling funds, to be able to write checks and to send and receive wire transfers.
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29 August 2023 | 26 replies
As another mentioned, a bird in the hand is worth 2 in the bush, and if the current tenant pays on time and the place makes a profit, then that might be worth a little less income knowing it is going to be there each month.If it isn't making a profit, then a discussion needs to be had wit the tenant about the need to increase the rent, but also that you want to keep them in the place if possible.