Making ligitimate loans or creating obligations, like retirement contributions can keep an LLC leveraged to reduce the chances of being a target.The very best way to limit liability is to keep properties in good condition and conduct your business in a lawful, open and honest manner.

We are Broker/Realtor running our own biz & conduct our Due Diligence in a very detailed & precise manner!

I have an interest in a piece of land that is coming up for auction at tax sale next week, and I am wanting to cover all the bases.I checked with the city and county departments and it seems there are no restrictions on the property to be able to build what we want, and there are no additional tax liens on the property with the government.I am trying to contact Title companies, about conducting a Title search to make sure everything seems as it is since I cant make sense of the public records I found myself.Is there anything else I need to watch out for or pay attention to?

I'd call the loan in a minute and probably extract a pound of flesh for every 30-day extension of the loan in exchange for forbearance.

Ironically enough, I did extensive undergraduate work in analyzing real estate transactions and bringing unscrupulous flippers in Buffalo to justice.

If the agent lists the property with the owner then the brokerage mentioned in the listing contract has the relationship with the owner.The agent is working on behalf of the broker.Most states have laws that all offers that are written have to be submitted to the sellers.Used to what you were doing was easy to do a few years ago.You could try many different tactics depending on what asset manager you got that day.Many short sales were conducted on the fly with the loss mitigation departments.Now the government has created the short sale streamlined process and many banks have actual short sale departments.This means the process is more automated and harder to manipulate in your favor as an investor.Servicers have to go by strict protocol in their servicing agreements.Not following the agreement can affect mortgage insurance payouts and potential lawsuits from investors who own the loans.The servicer has to document everything and show the least damaging route was taken for the investor.When the loan is a RMBS (residential mortgage backed security) sometimes they would rather foreclose than do a workout with the homeowner.This is because the senior investors position for payoff is first and they don't care about the investors in a first loss position on the security.So what you can do as a short sale will depend on the loan type and who is backing it and the servicing agreement.If it has to be listed they will not proceed until it is done.An hourly worker who has to document steps is not going to fore go one of those steps so that you an investor can gain from it.There is a chance that once it is listed that they will still accept or counter your offer.It also depends on if you are paying cash or asking for expenses.The seller almost never has money on a short sale and any costs have to come off the banks side.

Doesn't matter if it works...doesn't matter if everyone else is doing it...doesn't matter if some guru recommends it...doesn't matter if you think the law is dumb.Bottom line is you are conducting business illegally.

You can set it up with different queues and extensions depending on what your needs are and you can set it up to forward calls to you when you are away from your desk or after certain times of the day or night.

Make sure the small door on the HW heater is attached or closed too.Remind tenants not to use extension cords with electric heaters, they are most often not properly matched and a leading cause of fires in the winter.Make sure tenants know where they can use a portable heater in the evnt the furnace goes out.

It is a single member, and I know many people would advise that a single member LLC doesn't provide much seperation or protection as it is viewed as an extension or your personal business activity.But, if I plan to raise capital eventually what is the best entity type.Also, for tax purposes, should I elect S or C corp status or just let it pas thru as a typcal LLC?