1 April 2018 | 7 replies
If it is 15% down they could get a lot of money from you upfront and then get full recourse against you selling at an inflated price.One scenario non-recourse you learn on the property and then hand it back with minimal losses if it turns out to be a real dog.The other situation is they have full recourse against you on the loan, they sell you an inflated price, you put a bunch of money down 15%, and now they won't let you out of the dog of a property and every waking day you are dealing with problems.Owner financing can be great if set up properly.No legal advice given.
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30 March 2018 | 9 replies
In other words DON'T hire an attorney and keep your day job for entity legal issues and those pesky tenant lawsuits than will come up.One secret of the rich and wealthy is corporate credit or business credit based on an EIN instead of SSN which drives commercial financing deals.
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31 March 2018 | 61 replies
I had a group of nuns that offered to pay a year up front, I told them I can't legally do it, but they can give me 12 post dated checks, which they provided, and I accepted.
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5 November 2018 | 4 replies
Realtors, Contractors, or anyone who has any advice on investor friendly title companies, the correct and legal contracts to use.
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4 April 2018 | 6 replies
@Justin PhillipContracts for deed (which what it sounds like) in Texas have significant legal quirks.
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30 March 2018 | 6 replies
I've been told there are legal battles between the casinos and AirBnB and that could last quite a while before settled.
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2 May 2018 | 9 replies
to renting people that i won't rent the RE anymore in around few months from now, step 4: since loan has been fully paid, i could now legally sell the RE.
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10 May 2018 | 3 replies
Great neighborhood, that’s where I live but not ideal for REI..Most apts are Coops the majority of boards won’t allow you to rent and if they do there will be restrictions..SFHs, Multis or Condos prices are very high, it will be difficult for positive cash flow every month..
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31 March 2018 | 4 replies
Does anyone have a guide or legal resource around what exactly needs to happen and when regarding security deposits in Los Angeles?