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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Post: One of the tenants filed bankruptcy, what should I do?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Make that "violate the automatic stay."

Post: One of the tenants filed bankruptcy, what should I do?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Time to call your lawyer. Don't want to bite the automatic stay. Good luck.

Post: Military Relocation to Gulf Coast-looking to network w/investors

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Call Sherry Owen's office in Gulfport when you get to Mississippi. Good luck.

Post: Can a HELOC be recalled due to economic downturns

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Depends on the terms of your loan documents. Good question for your lawyer. Good luck.

Post: help with contract assignment

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
A real estate lawyer licensed in your state would be a good resource for you. Good luck.

Post: when can i use 1031 exchange -need advice

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Based on past experience, I don't know that 1031's are not an audit trigger. Good luck.

Post: Check Credit Score for Free

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
You get what you pay for. Credit Karma may not be perfect, but it is free. Good luck.

Post: How to get funds

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Hard money is the place to start if you do not have the credit capacity to borrow from a bank. Expensive, but it will get you started in the game. Good luck.

Post: Unsecured LOC

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Banks in our area do not do unsecured lines any longer. Perhaps you will have better luck.

Post: What is the best type of entity to set up for a small investor?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Definitely a question to pose to your attorney. Good luck.
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