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8 November 2016 | 1 reply
Does anyone in the Kalamazoo, MI area have a lawyer that they would recommend?
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6 November 2016 | 2 replies
My long term goal is to buy and hold property to generate passive income and I thought becoming an agent might be a good way to further that goal for several reasons: 1) As an agent I'll have access to data from the MLS which will help me to learn my market, and potentially areas outside the city too. 2) I'll likely make contacts with lawyers, CPAs, mortgage brokers and other professionals through my dealings. 3) I can write my own offers. 4) I need a career change anyways.That being said I have some reservations.
7 November 2016 | 5 replies
Maybe a year from now a tenant will be claiming that blablabla was broken when they moved in, and your property manager will be able to shut that back-and-forth down really quick by showing the tenant that portion of the inspection, potentially saving you lawyer fees.
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6 November 2016 | 1 reply
Don't spend a dime on the place until you have it tied up in contract, but I'd speak with an eviction lawyer once in contract, and consider it part of my due diligence inspections.
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9 November 2016 | 13 replies
Here’s where I’m at:1) I’ve found a wholesaler that has properties in Indiana that they’re selling.2) I did the math and the returns makes sense. 3) I’m in the process of negotiating the purchase. 4) They’ve sent me the purchase agreement and my lawyer has looked at it. 5) I’ve went back to the wholesaler and requested some additional documentations.
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9 November 2016 | 6 replies
@Will Flores I always compare it to having a lawyer when you go to court.
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7 November 2016 | 1 reply
How did you choose a lawyer?
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9 November 2016 | 17 replies
My husband is a lawyer in the Air Force, so we move states every 2-3 years.
9 November 2016 | 3 replies
Forget the LLC all you need is insurance but most importantly you need a qualified lawyer to draw up you partnership agreement.There is no place for trust when it comes to business and money, what you need is a air tight legal contract.
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10 November 2016 | 7 replies
Have a lawyer review the contracts to know for sure if it's revocable or you have to use the existing contracts until they expire (then you can replace them with your own).