Olga Fomenko
Wyoming LLC with member resident from California
I'm starting an LLC for money lending business. The attorney suggested to open a Wyoming LLC for tax and asset protection. My issue is that a managing member lives in California and the operations manager lives in Flo...
Bradley Miller
Investing with my Fidelity IRA account.
We successfully invested into a DLP fund that was already approved by Fidelity for investing with my wife's IRA account. Now I am looking for approved investments with Fidelity for my IRA. Unfortunately, Fidelity will...
Mario F.
Home Possible lending limits
Hello, I've recently gotten an offer accepted on a four unit property in Inglewood CA and found that financing this was a bit more difficult with 5% down. There is a program that Freddie Mac has called Home Possible ...
Ryan Cleary
Risks of buying a two family home with an illegal third unit
As an agent, I am working with a buyer who is showing interest in a particular home that is a legal two family, the basement is set up as an illegal third unit. Being that the property is located in New York, what are...
Josh Smith
Mold and sketchy situation
Hey,I am a student renting a house in ann arbor, MI. I have found myself in a complicated situation:Renting a house from a landlord since July 2014. We have had maintenance complaints all year about various things tha...
Brian Carnesecchi
Will property management companies do weekly rent collection?
I am looking at buying a property wherethe current 80 year old owners are local and have been managing it themselves and treating it like a motel. They have hand written agreements with the tenants and the tenants pa...
Tim Corey
Recommendation for flat-rate agent/broker?
Does anyone have a flat-rate agent/broker they could recommend? Details of the deal are all worked out, seller just wants to make sure everything is "legit" on paper, insisting on an agent but willing to go with a fla...
Andrew H.
Database of leasehold properties
Hi all - I am under contract to sell a 2-family property in CT; however, the ground is owned by a non-profit.The buyer is getting FHA financing, and FHA is insisting on an appraisal comp for other leasehold properties...
Mark Stewart
Joint Venture - looking for answers
I'm about to enter into a J. V. and was looking for all the possible pitfalls I should expect as well as all the possible safeguards I should insist on. The details - I would find the rehab and HML servicing for $75k...
Toben B.
As a seller do I need a title company?
I know a buyer should always insist on using a title company. However I am the seller. I carried the paper on the house for 4 years and he is going to pay it off in full. Any reason I need to pay a title company to d...