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25 November 2017 | 8 replies
I Need Creative Ideas and/ or Suggestions to Stop a Transaction from Happening and Close this DEAL, ALL CASH ASAP.So I Recently Found a Home I want to Purchase All Cash. but the Home is Already in Pending Status & Now Says (on Zillow) Taken off Market.I Stumbled upon the Home Because i was in the Area Biddding a Job.
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3 December 2017 | 7 replies
The common advice seems to be, work at a fix before buying.Bring it to the seller in a tactful/reasonable way and just let them know that it’s a concern and I want to have it further evaluated prior to closing.I am hoping that they do not have a problem with it.Someone suggested threatening to walk and/or notifying bank of our suspicion and the fact that they will not let us inspect.I am trying to avoid any kind of antagonizing approach in the hopes that this can be resolved/mitigated without too much issue.I do like the property and not wanting to walk away, just want to figure out a way to resolve before I take ownership.For now, my summary action plan is to move forward with tactfully notifying the seller of my concern and desire to inspect, complete an inspection, mitigate or come up with a plan to mitigate and then also empower tenants to work with management at addressing mold by reporting any leaks in a timely manner to allow for prompt fix, as well as possibly suggesting they purchase damprid which I hear helps with moisture and making sure to pass on educational/informational material on indoor air quality.There is an indoor air quality guide that someone in a facebook group that I am part of suggested, which I intend to make as part of my lease addendums/guides for tenants.https://www.epa.gov/indoor-air-quality-iaqI do have a contractor lined up to address some regrading issues and also visible cracks which could be where the moisture is coming in through.The challenge is that mold is everywhere and I do not doubt, that we will find something, the key is to work together to “address/mitigate” vs. turning a blind eye which I suspect may have happened here.In the end, I like and appreciate all the comments.I think the comment that sums it up well is @ Clay Hartwig’s comment that the problem is not limited to just the tenants getting sick, the problem is also in working to mitigate moisture which could essentially kill the house.Thanks again to everyone that offered suggestions on what to do here.
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3 April 2018 | 15 replies
The first 2 have good books you can read, check out the WheelBarrow Profits private Facebook group and Academy.
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7 April 2018 | 2 replies
Borrowed from Investor Cody Reilly from one of the facebook groups I follow.
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14 April 2018 | 6 replies
Research Scott Carson on YouTube and Facebook, as well as his podcast.
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23 April 2018 | 3 replies
LLCs are established by state statute, so for Federal taxes a single-member LLC is treated the same as a sole-proprietorship for tax purposes, unless the LLC elects S-corp status.
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21 August 2018 | 4 replies
Go to their Facebook sights and just read all the peoples complaints on almost every single post.
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2 August 2019 | 14 replies
When buying an LLC that owns a property, it will likely cost you more than setting up a new one, as you should hire an attorney to do research on the current status of the LLC, change the address, amend the LLC docs, etc.
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18 November 2015 | 8 replies
However, there are additional legal concerns related to the status of the swing set and how much of a fixture it is, and what kinds of tax/payout requirements will arise.
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14 December 2015 | 0 replies
.- Inspect the property on a regular basis (min: once every three month) to check general status- In case things go south be able to evict tenant in a peaceful manner.- Charge rent- Provide regular (monthly) status reports detailing problems and other situations.Is there anybody with good references that can do the job?