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22 November 2020 | 4 replies
Did you have any additional thoughts on the metrics of the deal, outside of the legalities of the 1031?
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22 November 2017 | 9 replies
Not looking for legal advice, but more looking for good financing advice.
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21 November 2017 | 1 reply
This isn't legal advice, and I don't have a real-world example, but some coverage issues to pay attention to might include injuries to common law employees, injuries involving liquor, and punitive damages for gross negligence.Keep in mind that umbrella insurance policies are negotiated contracts like any other insurance policy.
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20 November 2017 | 10 replies
My hang up is 1) I've never done a deal before and I don't feel confident going through this transaction solo at this time.2) I'm not sure what I want to do is legal, or if I need to disclose all of this information to the agent, the other investor or if I should try to find someone to JV with me on the deal. ( If I do JV, how do I ensure I get compensated?)
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20 November 2017 | 11 replies
This will have their full legal name, address and EIN.If they check a box indicating that they are a corporation, then you do not have to send them a 1099, but it does not hurt anything to do so and I always do it anyways.LLCs, Sole Proprietors and pretty much anybody other than an S or C Corporation should get a 1099.
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20 November 2017 | 10 replies
Do not rely on it as legal advice.
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20 November 2017 | 17 replies
(personally, I encourage the AirBNB model, I loathe VRBO's fee structure) This seems to be the easiest thing to enforce from my POV, unless your model is people pay for their individual membership and are permitted to list as many VRs as they like.
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19 November 2017 | 2 replies
If the garage is "deeded" then the legal description of said garage would appear in the deed.
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21 November 2017 | 5 replies
I'm wondering if someone with experience in self-directed IRA investing could comment on the possible path below (I acknowledge no one responding is providing legal advice, etc. and I should check with a lawyer - I'm just looking for whether going down this path might be possible before calling my lawyer and getting a bill).
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21 November 2017 | 11 replies
I am still heavily involved in building/yard maintenance and turnover work, but I leave all the stuff with legal risk (advertising, showing, leasing, enforcement, rent collection, deposits, etc) to the PM.