Naushad Kapasi
better career to pursue real estate
27 May 2015 | 2 replies
A) A tradesmen with expert knowledge in different aspects of trade work (plumbing, electrical HVAC)B) Accountant Please explain.
Daniel Sisto
Master 1 investment vehicle to begin OR learn several ways???
28 May 2015 | 4 replies
But that's not my primary so what I do now is make sure I read enough to keep me current on those trends.I think trying to do too much fosters unorganized thoughts and actions and ultimately derails being successful.Just my opinion and I know other people welcome what can be kaos for some because they are able to thrive in it.It just seems that trying to focus on all aspects of this business at once would be exhausting.....
Jennifer Streamer
Hello from Royal Oak, Michigan (Detroit Metro area)
1 June 2015 | 14 replies
Welcome to BP community @Jennifer Streamer It is a great place to meet new friends and learn about various aspects of real estate and more.
John Warren
Flip or not?
4 June 2015 | 5 replies
@ Michael W@Michael Woodward touched on the family and marriage aspect.
Sarah Miller
Renting a Garage - what do I need to know?
12 June 2015 | 14 replies
@Sarah Miller The following is from the Ohio law link from above:Title [53] LIII REAL PROPERTYChapter 5322: STORAGE FACILITIES5322.01 Storage facility definitions.As used in sections 5322.01 to 5322.05 of the Revised Code:(A) "Self-service storage facility" means any real property that is designed and used only for the purpose of renting or leasing individual storage space in the facility under the following conditions:(1) The occupants have access to the storage space only for the purpose of storing and removing personal property .(2) The owner does not issue a warehouse receipt, bill of lading, or other document of title, as defined in section 1301.201 of the Revised Code, for the personal property stored in the storage space"Self-service storage facility" does not include any garage used principally for parking motor vehicles, any garage or storage area in a private residence, an establishment licensed pursuant to sections 915.14 to 915.24 of the Revised Code, or any property of a bank or savings and loan association that contains vaults, safe deposit boxes, or other receptacles for the uses, purposes, and benefits of the bank's or savings and loan association's customers.If I'm understanding this correctly, then most of the advice above relating to Self Storage would be incorrect.
Michael Jones
LLC and assets
23 March 2015 | 6 replies
This is the realm of underwriting more than the legal aspect of your entity.
Jeff Rabinowitz
What Rates And Terms Should You Expect From Your Private Lender?
18 July 2015 | 9 replies
To answer this question we must have a common understanding on some terms that are not well defined.
Gary Van Horn
Wholesaling in Illinois
27 April 2022 | 21 replies
Code pt. 1450, govern the business of real estate brokerage in Illinois.The Act, as amended, defines a real estate “broker” as an individual, partnership, limited liability company, corporation, or registered limited liability partnership other than a real estate salesperson or leasing agent who, whether in person or through any media or technology, for another and for compensation, or with intention or expectation of receiving compensation, either directly or indirectly:(1) Sells, exchanges, purchases, rents, or leases real estate.(2) Offers to sell, exchange, purchase, rent, or lease real estate.(3) Negotiates, offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of real estate.(4) Lists, offers, attempts, or agrees to list real estate for sale, lease, or exchange.(5) Buys, sells, offers to buy or sell, or otherwise deals in options on real estate or improvements thereon.(6) Supervises the collection, offer, attempt, or agreement to collect rent for the use of real estate.(7) Advertises or represents himself or herself as being engaged in the business of buying, selling, exchanging, renting, or leasing real estate.(8) Assists or directs in procuring or referring of leads or prospects, intended to result in the sale, exchange, lease, or rental of real estate.(9) Assists or directs in the negotiation of any transaction intended to result in the sale, exchange, lease, or rental of real estate.(10) Opens real estate to the public for marketing purposes.(11) Sells, leases, or offers for sale or lease real estate at auction.
Sean Salandy
Should I use an attorney for LLC/S Corp formation
2 July 2017 | 24 replies
If you had a partner and needed to carefully define roles, a well-crafted operating agreement might be important, but that's not Sean's situation.