All Forum Posts by: Al Wilson
Al Wilson has started 1 posts and replied 1062 times.
Post: First Mortgage Advice? How do I know I'm safe?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
... someone made a mistake. Good luck.
Post: First Mortgage Advice? How do I know I'm safe?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
As a wise closing attorney once told me, if there is any provision in the stack of mortgage loan documents
Post: Purchase Agreement for an Apartment Complex
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is a job for your attorney to handle. Too much risk in getting a legal document from a non-lawyer. Good luck.
We typically use loan proceeds from a local portfolio lender. Good luck.
Post: Tax Ramifications of Quit Claim Deeds
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is a great question for your tax accountant. Good luck.
Post: Is it Tax Deductable? Menards Rebates used to buy supplies.
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is a great question for your tax accountant. Good luck.
Post: Is a Quiet Title Action my only solution?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is a legal question that is specific to the laws of your state. An online forum is not going to be a substitute for the legal advice you have been given by your attorney. Good luck.
Post: Building Condominums
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
@Jay L. It may go without saying, but be sure to factor in an allowance for construction cost overruns. I have seen more than one otherwise viable condominium project driven into the ditch by disagreements between developers and contractors. Good luck.
Post: Lender taking annual personal credit reports on commercial loan!
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
All of our entity lenders require delivery of annual financial statements (or tax returns) from any individual who owns 20% or more of the entity. Standard stuff in our world. Good luck.
Post: Title Insurance a MUST or a BUST
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
We always get title insurance. Good luck.