All Forum Posts by: Al Wilson
Al Wilson has started 1 posts and replied 1062 times.
Post: larger 1031 equation question
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Have you had s chat with your CPA about this?
Post: Equity trade for a camper trailer
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Perhaps you should have your attorney prepare the legal documents. Good luck.
Post: Who owns my house?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is very much a legal issue that you need to discuss with your lawyer. Good luck.
Post: Rookie's question -- just bought a pre-foreclosure house
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is a legal question. Ask your attorney. Good luck.
Post: Is incorporating neseccary? And if so, when?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Only form an LLC if you want to protect your personal assets. Good luck.
Post: LLC Confusion in Florida!
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
By all means, sit down with your attorney and have him or her explain this to you. No need to go to another state to form your entity. Good luck.
Post: Desperate Need
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Pass on this deal, save enough for a substantial down payment, and then try again. Good luck.
Post: Low Income Housing Tax Credits (LIHTC)
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Five to ten units is probably too small to make this work. Good luck.
Post: rental condo
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Not at all, assuming it is in s strong rental market for either long-term rentals or vacation rentals.
Post: rental condo
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
We've had lots of condos over the years. Good investment if they are in a long-term rental area or are at the beach. What's your specific question?