RJ Nickson
Partnerships: Operating agreements
19 August 2019 | 8 replies
Then I just get legal zoom or mycorporation .comin no case would I pay a lawyer by the hour and then your partner pay another lawyer by the hour unless I was forced to..not for buying just 16 units. but thats me, Good luck
Pete Storseth
Wrap around mortgage or lease option?
20 February 2020 | 24 replies
Also, if you're the optionor in an option transaction, it's not a deposit, it's NROC (non-refundable option consideration) your lawyer will thank you.
Timothy Petty
Selling Home- Investor wants me to keep mortgage and her pay it.
18 February 2020 | 9 replies
I recommend bringing in a lawyer for advice on this topic!
Takeshia Martin
is it illegal in Tennessee want Feedback on this topic
5 July 2015 | 2 replies
hi takeshia from " elvis country"....lol. wholesaling is a good part of the flipping houses and RE world. however, each state has its laws regarding wholesaling. i would tend to believe a real estate attorney from the area on his or her opinion. i wouldn't say something is illegal if you can get a license to do it, its just illegal to not have the license. then we get into the gray area of exactly what wholesaling is. if you find a seller, and put them in touch with a buyer for their house, you are acting as an agent. without a license, that is illegal. but, if you find a seller, YOU get the house under contract to buy, and put in the contract your right to reassign the contract, that is wholesaling and might NOT be illegal. in that case, you are not acting as an agent because you are not bringing two parties together. you are actually contracting to buy an item, but then exercising your right to sell that contract which does have monetary value. just like a corporation creates a stock certificate and sells it on the stock market, it is just a piece of paper with monetary value that you are selling. please check with at least one other real estate lawyer and explain the process completely. show them how you would not be acting as an agent between buyer and seller but as an actual purchaser looking to sell the asset you have created. that may make the difference.
Catie Hogan
New to Real Estate, Eager to Learn and Get Started
8 February 2016 | 6 replies
I'm a lawyer licensed in MA and CT and I'm also a realtor. but I'm a newbie investor. good luck!
Patricia Mclean
My Seller can't come to closing
20 August 2015 | 14 replies
@Patricia Mclean I rarely if ever go to a closing.. its kind of funny the east coast title companies or lawyers will call me for an appointment...
Heather Morgan
Is it really worth it? Rental property in Atlanta
15 December 2014 | 15 replies
Brought the idea to my lawyer and he said, "no sweat!"
David Krulac
What does it take to be a top 1% -er.....
23 December 2014 | 46 replies
That being said, If I had 8 mil in the bank, I would see a lawyer, get a good estate plan set up, sell my rentals, invest my money in low risk funds, live off the dividends, and spend much more time with my family.
Mark Yu
Newbie from DC/Balt area.
5 January 2015 | 23 replies
A good lawyer and proper tenant screening should minimize your risk.