All Forum Posts by: Al Wilson
Al Wilson has started 1 posts and replied 1062 times.
Post: 8 Reasons Why Foreclosures Will Drive You Mad
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
It's all according to local practice, but No. 1 is the only item we have a problem with at our foreclosure sales. Good luck.
Post: Is it legal to negotiate without a license if...
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Varies from state to state. Consult your lack attorney to be sure you are not violating your state's statutes. Good luck.
Post: SEC rules on fund raising and securities.
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
The only way to navigate this path is to huddle up with a good securities attorney. Good luck.
Post: Duplexes in Phenix, Alabama - How to really analyze this deal?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Would that be Phenix City, Alabama?
Post: New Member from Arizona
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Where in Arizona are you located. Are you looking out of state because you can't find deals closer to home?
Post: 1031 exchanges going away?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Congress is always looking for more money to spend. There have been some discussions about closing the 1031 loophole. Don't think it will happen anytime soon.
Post: Tax filing and tax accountant related questions
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Absolutely hire a CPA. He or she will save you more than you will ever pay them in professional fees. Good luck.
Post: $700 for Purchase agreement.
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Quite reasonable.
Post: HML - How to Come Up w/ Out of Pocket Costs
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Most borrowers do not do this type of deal until they have the additional costs (and then some) in the bank.
Post: how to owner finance my property
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
If they can't re-fi, they will be in default.