James W.
Getting sued by tenant for fall on my commercial property
16 February 2015 | 4 replies
If that is the case, the insurance company will fight the battle.If not, you will need an attorney.Lesson learned is:1. you need to know who you're hiring and get copies of their affidavit of insurance 2. your corporation needs to be structured properly and you need your own proper insurance3. the buck ultimately stops with the property owner4. if you're in the real estate business, you will be suedBest of luck with this!
Juan Llamas
How to protect my buy and hold properties
20 February 2015 | 4 replies
You can do some further reading here: http://www.corporatedirect.com/Check the link under Bulletproof Your Corporation.
Derrick Harper
Establishing an Entity
16 February 2015 | 3 replies
You can do some further reading here:http://www.corporatedirect.com/Check the link under Bulletproof Your Corporation.
Corey Dutton
What Are Real Estate Values Doing in Your Area?
5 December 2012 | 59 replies
Corporate raiders are buying houses by the lots,50--1000 at a time,so wherethe market goes is a mystery with that type of involvement.It,s commonknowledge,just goggle it (corporate home buying )we are watching the nextlevel of domination of the middle class.I am in desperate need to know whatyou and our colleagues think and what course of action would be feasible.Iam in the Midwest,Chicago
Ken Sanders
Self-Directed 401k Loan --Maximum Allowable Interest?
8 March 2013 | 27 replies
., the trustee or custodian), C) An employer, any of whose employees are covered by the plan (this generally is not applicable to IRAs but dos include the owner of a business that establishes a qualified retirement plan), D)An employee organization any of whose members are covered by the Plan (this generally is not applicable to IRAs), E) A 50 percent owner of C or D above, F) A family member of A, B, C, or D above (family members include the fiduciary’s spouse, parents, grandparents, children, grandchildren, spouses of the fiduciary’s children and grandchildren (but not parents-in-law), G) An entity (corporation, partnership, trust or estate) owned or controlled more than 50 percent by A, B, C, D, or E.
Stan Plebanek
Has anyone ever done this?
23 April 2012 | 5 replies
Here is an excerpt from @Clint Coons regarding the due-on-sale clausehttp://www.alglaw.com/service/view/land_trustsWith respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may NOT exercise its option pursuant to a due-on-sale clause upon:(1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter-vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.So, like K.
Chris H.
Finding a hard money lender?
13 January 2014 | 7 replies
So you might want to look into purchasing Aged Corps where you can use the corporations to get access to credit lines to help finance your real estate business.
Samantha M.
HUD Listing Period Question
28 April 2012 | 4 replies
That's incorrect -- the HUD bidding form will allow the entry of an individual buyer(s) or of a corporate buyer, and I don't believe HUD discriminates against either when awarding a contract (though I could be wrong about that).
Sandy S Harris
Anyone Using Prospect Now??
22 April 2021 | 32 replies
Also, if you use it in conjunction with Wiki Corp or directly call your state you can find the members of pretty much any LLC, Corp, etc.
Alfred Bell
What do you want Mr. Notebuyer?
29 April 2020 | 215 replies
Anyone who makes a basis for any valuation upon a corporate entity investing or in a particular market is just off balance, skewed toward their interests and limited investor pool.