Parker Mott
Possible to contract end buyers before purchasing a home?
2 December 2017 | 3 replies
Hi @Parker Mott, there's no issue for you to do what you're envisioning, though many of the Real Estate service providers (Realtors, lawyers, mortgage agents, etc.) you'll deal with are going to give you a hard time for being to creative.
Bryce Stclair
Holding a Real Estate Licence and Inspection Licence
20 August 2017 | 7 replies
People have already mentioned that you have a large amount of exposure for liability, so DO NOT SKIMP on this part.I also would write in special stips in the listing allowing the buyers to use any other inspection company they want and language that states each job is a separate thing (this is where a real estate lawyer will help you with that language).We have companies here in Georgia that own a real estate company and a mortgage company...or an inspection company.
Ghulam G.
4 family building in Elizabeth NJ
29 August 2017 | 8 replies
The first scenario is to file for non payment eviction and the New Jersey Court systems.The second scenarios to hire another lawyer that knows what they're doing and specializes in just real estate transactions.
Neil Henderson
Investing with kids AND a full time job
22 March 2018 | 2 replies
Mondays are typically for reaching out to potential team members, Brokers, lenders, Accountants, Lawyers, Property Managers, Realtors, etc.
Alejandro Perez
Wholesaling in Florida Without Real Estate License
7 April 2018 | 7 replies
One of my bird dogs who now works with me as a JV got wrung up for putting a for sale sign in a yard of a home he did not own.. neighbor wanted the house knew my guy did not own it filed complaint.. and its much like getting a DUI cost him about 15k when all said and done.this is the response I got from the state like I Said I got tired of all the Is this legal is this not and the last thing I am going to do is listen to a lawyer on this stuff its not their money when your wrung up they make it defending you."
Brittany Smeek
Are you obligated to buy on a wholesale?
16 November 2023 | 30 replies
The purchase contract was a standard one and I am now in contact with a lawyer.
Rob Cook
Are you Stuck in Neutral, unable to get started in RE investing?
23 April 2018 | 40 replies
OK, if that is so.The last thing you would recommend your daughter to do is study to be a doctor, lawyer, a NASA scientist, because so few make it.I made it starting as a wholesaler (and lookie here...
Lenny B.
What should be the amount of Umbrella insurance?
7 May 2018 | 7 replies
As a property owner, I would be seen as the rich dude.Although some lawyers say they settle for the amount of the insurance coverage, there is nothing to stop the court from awarding a larger amount if the plaintiff's lawyer decides to go for it.
Gainet M.
Tenant purposely running water
3 June 2018 | 11 replies
I would recommend calling both your lawyer as well as the water authority.
Kenneth Lowry
Turnkey Real Estate Research question.
23 October 2017 | 52 replies
BEFORE buying the TK property, you can depend on the TK company to manage it, BUT, you will be paying for re-rental, damage, and other fees, all of which I believe are complaints from TK purchasers from my reading on BP.I've been in the PM business since buying my first property in 1997 in Brooklyn.My first 3 years, I evicted 3 tenants (1 via a lawyer who did a TERRIBLE JOB and charged up the wazzu and 2 I did it myself personally), all of which were inherited from the previous owners who did terrible due diligence in the tenants.Now, 20 years later, I have 65 tenants and have not done an eviction specifically because of my due diligence.