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Tenants claim sickness and lost wages
6 September 2024 | 9 replies
Our lawyer had stated we go along with what the tenants want and to make them sign a settlement statement.
John Gonzalez
Want to learn how to convert a physical rental property into a mortgage note
6 September 2024 | 6 replies
This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments
Nathan Gesner
What Do You Think About "Good Cause" Evictions?
10 September 2024 | 43 replies
They shouldpull these protections off the books or vastly rewrite as these havefailed us all.Respect37Replyother comments....Inreply to NPWarriorAdd:Eliminate publicly funded lawyers whose sole mission is to tie upvalid evictions with obfuscation and delay.
Sarah Williams
Can we foreclose on a property without a lawyer?
4 September 2024 | 2 replies
We are property owners that went into an owner financing situation on a deal with a buyer. The buyer defaulted on the loan, and we need to start the foreclosure process. Can we do this on our own? If so, what would th...
Tyler Rey
Entity Structure for Rental Properties - Separate LLCs for Holding and Renting
6 September 2024 | 3 replies
Entity structure wise, I'm getting conflicting opinions from lawyers/tax advisors on which scenario gives me the best separation between properties and asset protection from rental activities:1.
Evan Bell
Completed Business Plan
7 September 2024 | 11 replies
Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.
Liam D.
Buyer going behind my back! HELP
9 September 2024 | 18 replies
@Liam Dalbow Take the $1,000 you made in forfeited deposit money from the buyer, call a couple of real estate lawyers in your area.
Grant Baker
Investing with partner - Tax advantages
6 September 2024 | 7 replies
Lawyer would be a great resource for thinking through this.This isn't enough information to comment on tax advantages/disadvantages of an investment partner - more detail is needed.
Erik Browning
I'm one of the "Find a Lender" lenders, here are my thoughts
9 September 2024 | 46 replies
We plan to build on our “Deal Finder”, introduce a mobile app, and build out solutions to help investors meet contractors, lawyers, wholesalers (avoiding wannabes who just bought some guru course), and maybe foray into commercial - allowing investors to connect with Commercial Brokers.
Brandon Camarillo
Attorney in Greece
4 September 2024 | 3 replies
They used to list agents, accountants, and lawyers, but it seems they now only list agents.In addition to those shown for Greece, you might try some of the other international brokers such as CBRE and Christies.