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15 April 2020 | 13 replies
You will probably need help(hire your own sharks, ie brokers, lawyers) and have to pay for it accordingly.Lastly, the above pain points are all manageable if you are prepared(good brokers/partners and realistic planning) and well funded.
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9 May 2020 | 7 replies
Of course, you should ask a real estate specific lawyer familiar with your state's laws but from what you laid out here, I see nothing illegal.
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6 September 2020 | 11 replies
I don't know, you're in the gray area (believe me I'm not against paying an honest referral fee).I think the word salad is you need a real estate license if you're arranging the sale of RE in expectation of a fee.DISCLOSURE - AM NOT A LAWYER SO I MAKE MISTAKES AND MAY NOT BE CORRECT!
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6 September 2020 | 7 replies
Odds are, unless the prop is a real mess, it will not sell for less than debt + lawyer fees + penalties.
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4 April 2021 | 2 replies
After 27% to lawyers and other legal costs, the proposed payout is about 11% of the amount owed with the remaining $300K+.
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26 September 2020 | 9 replies
You need to build these relationships, and I would include other real estate professionals such as lenders, accountants, lawyers, etc., who could potentially share with you an opportunity they know of.
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15 July 2020 | 12 replies
Something I did not mention in the original post was setting up a lease, my guess is that the best bet is to find a boiler plate for the state you reside and then consult with a lawyer to custom fit it to your needs?
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16 July 2020 | 14 replies
The best discussion we've had was to have a lawyer help out for the the LLC to assume the mortgage with the personal.
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27 November 2022 | 3 replies
@Charles Chiu I am not a lawyer.
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29 November 2022 | 12 replies
It would be better to contact a lawyer specializing in this issue to give you an answer relevant to you.