David Robertson
Detailed Scope of Work vs "Turnkey" SOW Language
A recent forum discussion talked about how an investor's scope of work said to include "EVERYTHING" in their proposal to 'gut the property, buy materials and rehab per plan.' Long story short, the contractor did not ...
Account Closed
Co-Investing in Real Estate
How do people invest with each other? Do they use operating agreements, joint ownership, both? What type of professional do you use to officiate this? Just a lawyer? An agent? Both? How are these typically structured?...
Jonathan Peters
Need advise on private money deal
I have a project I am putting together for a 24 unit apartment complex. What is the best way to approach and structure a deal for private money lenders for financing the project? I have not used private money before a...
Jennifer S.
Colorado Springs: looking for advisor on this piece of land
Hi all, I'm contemplating a return back to US and have my eye on Colorado. I've visited CO fairly often in the past. I'm probably priced out of Denver as I want to stay at a low debt level. I'm looking at making a cas...
Chris Masons
1099 reporting confusion. Question for Tax Gurus
Ok, now I am really confused, last week there was a discussion as to if just a landlord receiving passive income (rental income) was required to issue 1099s and the general concensus was since they were not operating ...
Jin Zhang
Anyone has experience with a company called find dream rental?
Hi everyone, I recently got approached by a company called find dream rentals. They help you find short or mid term clients. Something does not check out. 1) the reps have very American sounding first and last name bu...
Lane Kawaoka
Which 2 of these 8 money mindsets are yours? And how it impacts $
After a over 200 calls discussions with investors via phone calls, I discovered that a notable portion of my time is spent reprogramming bad money habits created by the way we were raised. Further compounding this pro...
Eric Tomlin
self-directed IRA LLC transaction reviewer?
Hello,I am wondering if anyone knows if every IRA LLC needs to have a transaction reviewer? We had a multi member IRA LLC created last year. Now, in addition to the IRA quarterly maintenance and filing fees we keep ge...
Andrea Tapp
Is it required to have Seller's Property Condition Disclosure?
Hello,We are writing up our first contract on an offer, and I had a question about the Property condition disclosure. I would like to have the seller fill out the property condition disclosure, but is it required? I...
Jim Roach
Seller financing using a Mortgage
When you use seller financing who creates the MORTGAGE/Deed of Trust and the PROMISSORY NOTE? What I mean is the actual paperwork.