All Forum Posts by: Alex Chen

We are contacted by Contract Land Staff to acquire a right of way/easement on my out of the state investment property. I believe it’s a city project and they are one of the contractors for right of way acquisition. Any idea of how should we go about this?

some specific questions

how to know what the scope of easements will be included and what to look out for?

any impact on the title when selling? or how do we make sure no negative impact on title?

do we need to do a survey to make sure the easement is at the right scope and place?

does that void our owner title policy? or do we need to redo the title insurance policy? 

how are price determined and negotiated?

do we need a RE lawyer to be involved?

what will happen if we just ignore the request?

Thanks in advance for the help. 

From tenants, and also from other liabilities - bad business venture that resulting lawsuits, someone got injury by us(knock on wood) etc. 

Of course, I will ask an attorney about this, but want to know enough basis before talking to an attorney. 

Thanks

Alex

For someone that only has 6 rentals spread between California, and TX. What will be the best way to structure the ownership for these properties that can provide good asset and liability protection? 

My insurance agent is suggesting a commercial umbrella. but I'm thinking about separate entities or trust. However it's expensive to do LLCs in California with $800/year tax per LLC. I've heard about series LLC, would that work in California?

What would be your recommendation for property owners at this scale? 

Thanks

Alex

thx you @Bill Gulley, @Albert Bui for the answers. 

Hi BP,

New to the site, every excited about this forum. I have a question about the liabilities associated with private lending.

If i write a personal check to a flipper as an equity partner, junior lien holder or senior lien holder. does that open doors for potential lawsuits related to that flipper and the property? 

If so, how do I mitigate that risk? 

Also, if another investor brought me a deal asking me to co-investing, the investor will be using a licensed mortgage broker to fund the deal. Does that expose me to similar risks? 

Alex.