Now one of the investors I know in Atlanta says that his attorney requires that he have the funds to close on a double closing just in case it falls through, but he didn't mention that it was a legal requirement.Now if the buyer doesn't end up closing I could see where there could be some legal ramifications if you don't have the money, but I have doubts that there is legislation against it.

I made a template with; address, legal description, date of acquisition and capital cost.

Here is my challenge what it will be the best way to me to have a legal protection and hide my name.

i am looking to set up an LLC owned by my Roth IRA. i would like to find someone who can give me a legal opinion on having debt within the LLC, without having to pay taxes on profit, and compensation within the LLC.thanksjim

Since I know he is going to move on the 7th, do I charge for the 15 days OR 7 days and are there any legal implications or traps I need to avoid.Thanks

The thing is that the notice is a requirement to actually file an eviction at court, but its worded like you have to get out in that amount of time or face a legal suit.

The more I use my SDIRA the more I learn that almost no "tax and legal professionals" know what the heck to do with it.

In the real world, there will be a bunch of expenses including holding costs, legal fees, etc, etc, etc.

Therefore, I sign all documents as follows:For ABC Rental Properties, LLC,Michael Rossi, ManagerThis is completely legal and morally correct.

The buyer is also legally liable if he knowingly breached a valid contract.Many times wholesale deals are vacant, so having someone look at it many times isn't a big deal.