For instance, John Smith is a Member of 123 Main LLC, or President of 123 Main Inc. - John Smith is it's (with "it" referring to the entity) President/Member/Etc.

We were scheduled to close today, but they asked for an extension to 2/12 with a close on 2/14.

Most of my properties in Berwyn were purchased below replacement cost and so my insured value is higher than my actual all in value (even after extensive rehab).  

This is an instance where it makes sense to loop in an attorney and a CPA to make sure that this is structured correctly.

If there are extensive repairs you will need a builders risk policy.

*************************************************************************************The Forbearance Tsunami: 4.1 Million Mortgages are in Forbearance with many on Extensions."

Brian has extensive experience in real estate development, construction, land use approvals, environmental remediation, finance and real estate management.Seth HagartySENIOR ASSET MANAGERSeth Hagarty serves as a Senior Asset Manager for O’Neill Properties.

So no deals cancelled just extension for another month to work through.

I have plenty of questions that would be too extensive to type on here!

For instance, I'm not on a 1099 or W-2.