Christopher Dunson
Threatening to put Lien on Rental Properties
I recently had a woman who purchased a flip from me find a way to contact me with a problem she is having with the property that I flipped, sold to her by my agent.The day of the inspection for the purchase of the pro...
Jeremy Bohnett
Partnership Deal while LLC is being opened
Hi everyone! I'll try to make this as simple as possible.My business partner and I are opening up an LLC in Arkansas but the process is held up for 2-6 because our registered agent had to fax a form to the IRS to rece...
Mehran K.
Conventional Loan Strategies with Partners - JV/LLC Issue
Hi all, question on an issue I'm encountering:Back Story: I originally contact my portfolio lender (who does conventional FNMA/FMCC loans as well), to ask if he does 30 year conventional loans to LLC's with personal g...
Brent Bell
Completing W9 for a Single Member LLC
Newbie question here. I know I need a CPA, but didn't think I needed this individual so early in the process. Words of wisdom from experienced veterans here is greatly appreciated.I formed a single member LLC for as...
Dan Abts
Trashed Unit Options
What are the best actions to take against a tenant that trashed a unit with only one year of occupancy?Is there a way to report a bad tenant?Is it worth to pursue a judgement and collections?
Rodney Dixon
"Superlien States"...where???
I'm looking to find either the complete list or a accurate reference that lists all the states that laws treat HOAs as "superior liens." If anyone can guide me in the right path for this information, please respond.SO...
Jimmy C.
Subject To Deal When Seller Wants to File BK
I have a multifamily deal where I can take the deed subject to. The underlying note is at 2%, so its very attractive.
While discussing the possibilities with the seller, I learned that they intend to file ba...
Kelly Byrd
LLC before closing or after?
Yea! More LLC questions! Everyone loves LLC questions! Right? ;-)In an effort to get specific answers, I'll try to be as specific as possible about my situation:My wife and I are under contract for our first rental p...
Sanjay Patel
Foreclosing on a LLC borrower who has filed for bankruptcy?
The scenario is the following:as a private lender, I have a 1st lien on a property (in washington dc) to a borrower who is an LLC - and unable to make payments. I am going thru the non-judicial foreclosure process to...
James Wise
Are wholesalers authorized to sell property?
This article from the Ohio Association of Realtors came out today. Towards the bottom they listed the people who are authorized to sell a property...Note that "Wholesaler" is not included.Thoughts?Legally speaking: Do...