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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Post: What Would YOU DO had POF but no DOWN ?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
I would save my money until I had the down payment in the bank. Then, I would determine whether there was a property available for purchase that fit my long-term investment plan and was in my price range. Good luck.

Post: new business name

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Assuming the name is available in your state, I kind of like that one. Good luck.

Post: REI Groups Mobile or Baldwin County Alabama

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
I believe there is an established REI group in Mobile, but I do not think it has had a meeting in a number of months. I do not know of one in Baldwin County, but there should be plenty of interest.

Post: Tax filing question

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
This is fodder for your CPA. Good luck.

Post: Partnership across multiple properties

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Great question for your CPA. Good luck.

Post: My Roofer is MADDDD I 1099'd him

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
You did the right thing. And you need a new roofer. Good luck.

Post: **Is there such a process of refinancing without income verifying

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Not unless you go with an off-market lender, which is where you are now. Good luck.

Post: How much do I trust my realtor?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Helping you connect with other professionals is what your realtor is supposed to do for you. If you don't trust him or her, however, move on. Good luck.

Post: Partnership question and Ideas

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Absolutely consult your attorney about this. It's a legal question with legal consequences. Good luck.

Post: Depreciation Recapture for rental property

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
If I were you, I would consult my CPA about this. Good luck.