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I have a few questions on the new security deposit statues. http://www.moga.mo.gov/mostatutes/stathtml/5350000...It states that all security deposits must be "held in a trust established by the landlord and deposited ...
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I have 3 inherited properties (2 multifamily, 1 vacant single family). These properties are in a trust in which I am the sole trustee. All properties have been family owned for decades and are paid off (approx. $1.5 m...
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What type of tangible and intangible assets can be placed into a trust?
I know that the following can:
Bank accounts
personal and real property
P.S. Can Annuity funds be transfered into a trust?
Hi All,Here's a little story for you....We purchased a property and resold using Owner Financing and used an attorney for the closing. We and the buyer completed and returned all paperwork to complete the transaction ...
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Hey BP family,I hope everyone had a great 4th weekend!I had found a deal here in Austin, TX and was talking to a private lender/partner about the deal (not on BP to my knowledge). This person ended up going around me ...
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My older brother is an attorney in our hometown, and has a fledlging practice specializing in estates, trusts, and wills. He was approached by a client who owns 100 units in 10 buildings in our native area, Northeast ...
Hey BP members! I have a question about a current situation I am in. So heres the breakdown:EMD amount of $1,000 - selling agent was provided with wiring instruction (account and routing for escrow account)Buyer use...
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I am trying to figure out the best way to set up a limited partnership. I have a family member that wants to invest with me in a few houses. He would be using money collected in a 1031 exchange. I want to know how ...
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Hey BP family! I have noticed that in building your team, you need that one person that you can fully trust to be the "boots on the ground", the dependable person that has their incentives aligned with yours. This iss...
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It seems that the BP community really supports use of property management services. We (a couple) have a very small portfolio and are owner occupants in one of our buildings. We question why some people with small l...