2 October 2018 | 4 replies
Again I have a low paying job and live in a high priced area... so thats why I'm hoping to go this route than a hard money lender.If all of this goes as planned and I flip enough properties for a profit, all of my proceeds will be put into a savings account and used to buy an apartment complex at some point in the future.So thats pretty much it, before all this I thought about doing wholesaling but know its harder to get sellers to sign their homes to you and I've never been a good salesman either, let alone any potential legal issues with it... so I don't think that's the right path for me.Any input would be GREATLY appreciated!!
2 October 2018 | 3 replies
If this death does not specifically trigger something (such as acceleration of the debt), then the agreement as written continues to be enforceable by the decedent‘s estate or heirs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1097041/small_1694752215-avatar-michaelm1151.jpg?twic=v1/output=image&v=2)
2 October 2018 | 5 replies
I always worked on being debt free.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/210156/small_1621433427-avatar-svargas025.jpg?twic=v1/output=image&v=2)
7 October 2018 | 4 replies
Get your lawyer to adjust the terms to include additional partners.Never operate any partnership without a legal binding contract.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/276611/small_1694750552-avatar-aaronw4.jpg?twic=v1/output=image&v=2)
4 October 2018 | 18 replies
Of course you can talk tough and try to bluff them but I suspect you are in a weak legal position.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1103424/small_1621508925-avatar-jeremyt55.jpg?twic=v1/output=image&v=2)
2 October 2018 | 4 replies
I read the contract and everything seemed legal and legit to me so I signed it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/997602/small_1696794392-avatar-austinp52.jpg?twic=v1/output=image&v=2)
2 October 2018 | 2 replies
Apparently, the residue from meth smoke seeps into the floors, walls, and ceiling and above a certain legal level, requires a professional meth abatement.
24 April 2019 | 2 replies
The lender makes payments to the builder at periodic intervals as the work progresses.contingencyA condition that must be met before a contract is legally binding.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1032705/small_1621507825-avatar-giovannil8.jpg?twic=v1/output=image&v=2)
3 October 2018 | 5 replies
A friend of mine has a church legally established as a 501c3 and I have been thinking about forming an LLC.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/311944/small_1621443486-avatar-harveyy.jpg?twic=v1/output=image&v=2)
4 October 2018 | 5 replies
That is, the first portion of the cash flow (income - operating expenses - debt service) goes to the passive investor - 8% of their investment.