All Forum Posts by: Adam Karrera

Congratulations Jon!!

(Sorry to Necro the thread)... can I ask which attorney you used? and have you used them again?

Or are you using a different attorney for Quiet Titles nowadays?

Thanks in advance!

Hi Jaysen,

this would be a flip.. i'll edit the original post.

and THX for the idea on the LLC.

Curious to see what other ideas are out there, but I'll keep that one in mind.

Thanks again for the reply!

Hello BP forum members!
Wanted to reach out and see if anyone had any suggestions on the following scenario.

Friend of a friend has a condo in Phoenix. Her 20-ish year old son made a mess out of it with cigarette marks,

holes punched in the drywall, scuffs on the walls, carpet stains, etc.  Its all superficial damage, from what  I can tell,
but of course I'll get a professional inspection before doing anything.

Anyways, the condo is empty now, and her son moved out of state.

She has made the payments, but never fixed anything inside.

I asked if she was interested in selling and she said definitely is.

She is asking for about 70% of market value, but I want to offer her 50% now + an 

equity split after I fix / resell it.  She is underestimating the repairs,... but in either

case, she doesn't have the $$$ to fix it up herself.

So, how do I create a win-win situation for a family friend, but still protect myself from

her or her son changing their mind?  I don't want to fix it until its in my name, for obvious reasons.

How do I promise a % of the net?  I was thinking a promissory note, but I don't know if you can do % of equity using one.

I will check with a RE attorney before we sign anything, but just curious what suggestions

you guys/gals have on structuring some kind of deal like this one?

Thanks in advance!

(Sorry to necro the thread) 

Andrew or anyone else that uses TLO or LexisNexis...

when you signed up for either service, what did you state as your primary business activity?

Just wondering what you guys have done to get approved successfully before signing up.

Also, what is the cost of LexisNexis? (I see TLO information above) Just curious how it compares.

Thanks in advance