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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Post: Can someone educate me on quick deed claims?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
By all means, spend some time with your attorney. You need to both learn the differences in various types of deeds and get to the bottom of the title on the properties you are liking at. Good luck.

Post: **** whole sale question********

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Sorry, but no.

Post: Thinking about Syndicating

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Crowdfunding may be a good option for you. If want to go the do-it-yourself route, start by meeting with an attorney who does real estate syndications. It's not as easy as it sounds and can land you in very hot water if it is not done according to all of the rules and regulations. Good luck.

Post: Where can I find the median price for properties in my area

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
A realtor will have access to the MLS, which will yield the information you are looking for. Good luck.

Post: Should I title in an LLC?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
You need to sit down with your lawyer and have a chat about asset protection options. Good luck.

Post: Tax implications of back-dating a sale of interest in LLC

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
This is the kind of thing that you and your attorney need to have a detailed conversation about. The word "fraud" comes to mind, so be careful. Good luck.

Post: Do I need a CPA?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
I vote yes. My guess is that your CPA will save you more on your tax bill than he or she will charge you to do the returns. Good luck.

Post: What is the most you ever paid for a domain name?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
We looked at one that was going to cost several hundred dollars, but could not justify the expense. We made do with a variation that was not our first choice, but that works just fine. Good luck.

Post: Paying an attorney to get an HOA payoff amount?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
The HOA docs may contain a provision that allows the HOA to pass along its legal fees. This particular HOA may also routinely have its lawyer respond to lien inquiries. That wouldn't be surprising, since HOA officers are typically not compensated and tend to come and go each year.

Post: Realtor Fees

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
We wish you the best of luck with your approach. We will continue to do it our way, as that system works really well for us and for the realtors we work with.