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20 February 2013 | 4 replies
OTOH, I will provide a Certificate of Filing from the SOS, wherein the SOS certifies it received a Certificate of Formation from the LLC and the LLC has been found to conform with applicable provisions of law.
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4 August 2013 | 61 replies
Well I can tell you are a real estate investor - always looking for the creative angle to get around the law Oops, comply with the law :-)Yes mobile homes are personal property but unfortunately I believe the language of the SAFE act specifically deals with mobile homes.
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13 December 2014 | 19 replies
Just be careful if it's in a HOA controlled environment.We have a Villa near Clearwater & according to OUR by-laws you must rent it for a minimum of 7 months & only once per calendar year.
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20 February 2013 | 7 replies
“There is no Texas law that says a lender cannot get a deficiency judgment following a short sale.”Seems like lenders can seek deficiency within the state of Texas in most cases afterall.
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7 May 2013 | 34 replies
Not sure how true this isand also I’m not expert in this topic ( disclaimer ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Short story , I was at local REI meeting earlier today Conversation was regarding private money It was discussed that individuals our getting private funds ( 6 – 8% ) then taking those funds and offering separate loans to another investors as a hard money rates (14 above % )Pocketing the differences on positive transactionsImportant – I know there laws about distribution private and hard money loansHere how I visualize individuals our performing this type of funding:Sub1 – person who offering original private money ( IRA / etc )Sub2 - let name Johhy B Nasty ( middle guy )Sub3 – person looking for funds , but have no credit / exper. / etcPossible transaction :==============================================Sub2 - borrow money from Sub1 at 7% for 9 months Sub2 - borrow new obtained funds to Sub3 at 14% for 7 months Sub3 - completes rehab, market property, &sell to new home ownerSub3 - pays back Sub2 original loan amount + interest used ( 14 % + rate )Sub2 - immediately pays back Sub1 + interest used ( 7% rate )Sub2 - made interest off of Sub3 rehab deal basically ( the interest rate difference )Everyone happy -> sub1 , sub 2, and sub 3Again~I know their laws & licensing for offering private/hard funds
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20 February 2013 | 4 replies
I know in MI law the seller is either required to transfer security deposits to the buyer or return them to the tenants and the new owner is responsible for collecting deposits.
20 February 2013 | 1 reply
Due to so many investor types and foreclosure specialists (IMO) approaching people in foreclosure and screwing them around, cheating them and messing things up, who can approach a party in foreclsoure is now limited by law.
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21 February 2013 | 13 replies
But, the vast majority of folks out there are responsible, competent, law abiding Americans.
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22 February 2013 | 14 replies
You can do so in the by-laws