Erin P.
People still living in the property we are purchasing. What do we do?
3 September 2015 | 10 replies
Two siblings living in the house out of 8 total siblings could have very easily led to years of lawsuits while your money is tied up in a house you don't have in your possession.
Elizabeth Maille
Loan Advice Needed Please!
18 February 2016 | 5 replies
That protects the syndicator against lawsuits if things go bad.
Nick Janovich
LLC name taken
30 June 2015 | 3 replies
All signage and advertising can be in the DBA, and if you go the route of local banking, that too can go in the name.Now there is a caveat, in that should the existing holder of your LLC name in Ohio decided that some of your advertising was infringing on his business, he could go the route of the cease/desist, lawsuit, etc, but you can cross that unlikely bridge when you get to it.
Johanna R.
Short Sale or Wrap Around/ Subject To
19 March 2015 | 7 replies
I would take that $15K and lend it out at 10 - 12% to rehabbers, use it for 3 months, be a private lender, make $1500 every 3 months, and -no maintenance, no taxes, -no asset protection costs, -no law suits from tenants, -no property management costs, -etc.Better yet, I would start a Self Directed Roth IRA.See https://www.trustetc.com/resources/education/case-...Own loan notes. not property with tenants and toilets.
Ken Kosch
How to find the mortgage holder.
5 September 2016 | 7 replies
The clerk's office has only a couple of basic functions.....receive documents to be recorded, and maintain those records for access (along with the documents/filing for law suits).
Michael Michaels
Starting Apartment Investing, Looking For Ideas/Tips (with numbers)
22 November 2014 | 5 replies
The LLC is there to protect your personal assets from lawsuits, but that can only happen if you maintain a 'corporate veil'.
Kim Handelman
Need some creative ways to get my mom into a duplex - think house hacking.
20 November 2014 | 4 replies
@Kim Handelman an alternative to the duplex "house hack" is the house with a mother-in-law suite/efficiency apartment house hack.
Paul Post
SFR in Butler County, OH
12 January 2015 | 5 replies
correctley it limits the impact of a potential law suit to the asset the LLC owns.
Amin Ali
Dealing With a Nightmare Sellers Attorney On A Wholesale Deal
15 January 2015 | 12 replies
I definitely agree with the part about Attorneys being conservative but I guess it is because they have seen involved, directly and indirectly, in many lawsuits on both sides during their career.
Sean Davis
Short Sale/ Wholesale question
7 September 2007 | 6 replies
That investors business has been shut down since then because of numerous lawsuits.