2 August 2014 | 21 replies
Unless you have a lot of money your worried about protecting, or a situation like @Marcia Maynard don't run out and form an LLC thinking it will save you, and you can put any clauses you want in your lease, if someone wants to sue you they can, and if they have a valid reason for suing you, they could win.Get a good umbrella policy, at least $1 million, and manage the property properly,,the insurance will provide your defense if someone does sue you.I always put it this way, if your tenant tells you they smell gas and you do nothing, they tell you again that a few days later, you do nothing, and the house blows up and hurts someone, your in trouble, I don't care if you have an LLC, series LLC, 19 different shell corporations etc,,,you didn't take action to resolve the situation and will be held personally liable (after all you were the one that didn't take action).
8 August 2014 | 7 replies
The risk is taken when: (1) the customer has established a history of proven past success and (2) that the new project is undertaken with the proper due diligence and careful considerations that made the past successes possible.
28 November 2014 | 14 replies
The only way, in my opinion, to properly orchestrate a wholesale as an agent is to list, agree to commission or fee, and then have the contract assignable.
4 August 2014 | 25 replies
Its not just one person but misinformation is everywhere with this product and I am just trying to help all of the fellow member's here with the proper info.
20 September 2017 | 6 replies
I ask because I am trying to wrap my head around these concepts, and my research hasn't yielded the proper framework yet.
7 August 2014 | 21 replies
(it can be pierced because it is not capitalized properly)A land trust in most states is not considered a separate entity and offers no asset protection despite what many Gurus say.
3 August 2014 | 2 replies
What are the proper steps to take if you purchase a property subject to and then decide to sell it lease option.
1 October 2015 | 74 replies
Flipping I think can be very lucrative for the time invested if done properly.
4 August 2014 | 70 replies
I also have my guy show up later to double check its locked up properly and change combos.
1 August 2014 | 5 replies
The following was found in a google search:When septic systems are properly designed, constructed, and maintained, they effectively reduce or eliminate most human health or environmental threats posed by pollutants in household wastewater.