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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
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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.
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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...
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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.
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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.
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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.
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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.
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6 September 2024 | 13 replies
There may be a PM organization you can file a complaint with but only a lawyer could tell you if a suit against the PM makes sense.
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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.
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3 September 2024 | 7 replies
The lawyer should be able to clearly explain the benefits of two trusts to your family.