Ivan Reyes
Alabama usury is 8%??
The searches I made online seem to say that the max usury in AL is 8%. Can this be right? Does that mean if you provide seller financing that the max you can charge your buyer is 8%.
That seems very low considering ...
Hank Parater
Using bandit signs as an Agent?
I'm a licensed agent in Maryland, and thinking about using bandit signs to procure wholesale property and/or listings. Does anyone know if this is legal? I would of course be buying property as a "personal investment...
Keith T.
Liability related to day labor injuries
In regards to using a handyman or simple day laborer for small projects, what can I do to limit my liability? Say if a worker I hire for yard work cuts off a toe, will my property liability insurance cover something l...
John Hager
Real estate note funds for Non-accredited investors
I really enjoyed listening to Bob Van Horn on podcast #273. He mentioned real estate note funds but the only ones I find are for accredited investors. His fund through PPR requires a $10k min. investment. I could s...
Eric Johnson
Weird Wholesale Question
I just received a weird request from one of my sellers. My seller is currently receiving Medicare. I just received a call from one of my buyers who's willing to buy the house. However, my seller asked if the purcha...
Daria B.
Due On Sale - Estate Planning
In my estate planning I, like many, am looking at the "due on sale" clause (if) within the 2 mortgages for my rentals.I've yet to find these terms or similar definition within the mortgage documents and am still rerea...
N/A N/A
Turning Primary Residence into Rental
Hello Everyone,
I have kind of a sticky situation. My wife and I have jointly owned our primary residence (let's call this property A) since 1996 and have built quite a bit of equity in it. We recently decided to p...
Donyea Jenkins
Employee tax question
If an employee told me he wanted to be a 1099 and have his wages sent to his church and they were going to take care of his needs, would the employee still have to pay takes on his wages?
Gaylene Rogers lonergan
Only in Texas: Homestead Protections
If you reside in Texas, homestead protection is built into the Texas Constitution. It allows you to maintain your home free from the possibility of seizure by certain creditors. This protects Texas citizens from havin...
Mark Navaro
Borrowing against rental to payoff primary home loan
The 2018 Tax law discourages itemization by providing a bigger exemption and capping mortgage interest and SALT deductions. I have a rental that is fully paid off, but my primary residence carries a mortgage. If I bor...