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All Forum Posts by: Al Wilson

Al Wilson has started 1 posts and replied 1062 times.

Post: Wholesaling without an LLC

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Unfortunately not. It shouldn't take more than 48 hours or so to form an LLC.

Post: Irrevocable trust vs limited family partnership

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
This is a legal question that you need to pose to an attorney who is licensed in Louisiana. Good luck.

Post: Bedroom Flooring: Carpet vs. Vinyl vs. Laminate Wood?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
I like carpet. My wife likes laminate. She usually prevails. Guess we are not much help.

Post: Wholesaling without an LLC

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Have you led the realtors to believe that you plan to purchase the properties in your name?

Post: How Can I Protect Myself in a Partnership?

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Time to call your attorney. Partnerships have both liability and tax nuances and you don't want to be unpleasantly surprised. Good luck.

Post: need a buyer

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Does it have timber?

Post: Bad smell in potential rental property

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
The latter. Cigarette smoke should not be quite that involved, but I would be careful. Smells are hard to get rid of and it is impossible to rent or sell a house that has residual smells. You might want to go on to the next one.

Post: Bad smell in potential rental property

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Answer is yes. We just did one of these. New carpet, new sheetrock, new paint, and clean ductwork.

Post: Bad smell in potential rental property

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Depends entirely on the source. Could be that new carpet pad, carpet, and paint will be enough. Then again, you may have to go down to the studs. Good luck.

Post: LLC in NV or WY

Al WilsonPosted
  • Investor
  • Daphne, AL
  • Posts 1,121
  • Votes 242
Georgia entity would be much more simple and just as effective, unless you are talking about eight figures' worth of assets. Good luck.