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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Post: What steps does a title company take to certify title?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Most of them have "title mills" that contain copies of the local real estate records. They check the chain of title there and then go through the latest filings at the county courthouse.

Post: Tile or Hardwood in Kitchen

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
We went with tile. Good luck.

Post: 2 Member LLC Filing Date

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
April 15, absent some unusual circumstance. Of course, you should consult your CPA to confirm. Good luck.

Post: can I sue the neighbor who started the fire?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Great question for your lawyer. For an Internet forum, not so much. Good luck.
Keep making the rounds with the lenders, but none of the lenders we work with would do this. Good luck.

Post: Legal Tax and Financial Do it yourselfers

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
I have a really good lawyer and CPA, and I lean on them heavily, so I do not lose sleep. Good luck

Post: Fees from private lenders

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
We require both. Good luck.

Post: Why I filed for a LLC. Only own 1 property too.

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Good choice, good for you, and good luck.

Post: No alerts

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242

@Mindy Jensen

Thanks for trying, but no keyword notices yet. 

Post: Cash flow in Panama City Beach

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
We have had numerous units in both markets. Are you talking about cash flow before or after you take into account a mortgage loan payment? If the latter, positive cash flow is not in the cards unless you make a very significant down payment. Good luck.