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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Post: Accountant charged me to respond to IRS Inquiry?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Yes, you should always pay your professional advisors.

Post: Building Condominums

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Having seen and starred in previous versions of the condo development movie, here are a couple of cautionary thoughts: Do you have experience with significant construction projects? Your building costs sound low. Has an architect given you a construction estimate? Have you factored in construction loan interest expense? What about site preparation expenses? There are a lot of things that can go wrong with one if these. Personally, I would not do this one - not enough margin to keep it from going bust if something goes wrong. That said, good luck.

Post: Christmas presents for tenants?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Great idea. Skip the one who is being evicted. Good luck.

Post: tax deeds in Alabama

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Denise Evans is the lady you want. She is on BP. Good luck.

Post: How long did it take you to make a profit?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Two years. Good luck.

Post: Using a friends money - taxes and LLC thoughts?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Easy enough for your lawyer to paper. Good luck.

Post: Should I get my own HUD Property Inspection

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
I would not trust a HUD inspection report. Good luck.

Post: Forming my LLC

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
This is all fine if you know what you are doing. If not, best to consult your lawyer - especially the first time around. Good luck.

Post: Alabama Tax deeds /Tax Lien

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

Post: Partnerships / Syndication

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Better talk to your lawyer before you start marketing securities. Good luck.