All Forum Posts by: Brady Hurs

Wonderful news!  I hope the courts made Clayton pay 100% of your expenses.

https://www.nytimes.com/2019/03/25/sports/fox-news-clayton-morris-indianapolis.html

Their scheme is now out in the public:
https://www.nytimes.com/2019/03/25/sports/fox-news-clayton-morris-indianapolis.html

I had an inspector go out and make a report. Same issues as you guys, little to no rehab. 

Is it worth getting an attorney to review the contracts to make sure they are legit? If so, any referrals for an attorney in Indy?

What to do now? If there is going to be a class-action suit, how do we get involved?

I'm so lost here. Not sure what to do. 

By the way, the inspector I worked with was awesome. He's aware of Clayton Morris's issues.  David Blair from Advantage Property Inspection in Indy.

@Tom J. do you have a recommendation for an experienced trustworthy PM company in Indianapolis?

Do you know/recommend Harvey Levin?

Does anyone have information on the class action suit against MI/OP?

@Tom J. do you have a recommendation for an experienced trustworthy PM company in Indianapolis?

Do you know/recommend Harvey Levin?

Does anyone have information on the class action suit against MI/OP?

We're not in Indiana but have purchased real estate there and need a reliable Indiana attorney to give legal advice.

I'm very new to REI. I just bought 1 single family home and 1 duplex from a turnkey provider, all cash. I want to take out the equity in both to buy another property but not sure how. Here are some questions:

I didn't finance the purchases so if I go to the bank, would I be asking for a regular mortgage for them? Re-fi? Cash out re-fi? Not sure how I need to approach it. Since it's two properties, will banks do 1 loan for both places?

If I do go through the bank for leverage, is this counting against my 10 allowable "mortgages"? On BP they talk about the BRRRR but isn't that counting towards your 10 limits?

In your experience, what would you suggest I do to keep snowballing properties with leverage? My income allows me to purchase a bargain property every 2-3 months outright but is that the smart thing to do since cash-on-cash return would be low?

I am so thankful for this community. For me, REI is very intimidating. I study a lot but always feel like I don't know what I'm doing or I'm not doing what's be for my situation

So I created an LLC for my property and want to create a holding company to, well, hold it. How would I go about doing this? Is it the same way I created the LLC for the property? If I need a lawyer to do it, do you have any suggestion and know what a reasonable charge would be?

Buying my first property!

So I have my business checking account (day job), a personal checking and now I have the LLC's checking.

Most of the money is in the day job biz account. When I go to wire the money, what is the correct way to move that money into the LLC checking? Would it be wrong to go from day job biz-->LLC? Or should I go from Biz-->personal-->LLC?

My worry here is that I might get in trouble if it looks like my day job business funded a real estate account since biz and personal get taxed differently.