All Forum Posts by: Al Wilson
Al Wilson has started 1 posts and replied 1062 times.
Post: Untimely 'Tenant' Death as a Landlord
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
By all means, consult your attorney. This is s legal issue. Good luck.
Post: How do you feel about flipping Condos? Who is the guru for Condos?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Flipping condos can be quite lucrative. As with everything else in the real restate world, the trick is to buy low and sell high. Good luck.
Post: Syndication
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
If it's a true syndication, it's a security. If so, you need a securities lawyer, as jail time could be the consequence of not getting it right. Good luck.
Post: Partnership Agreement
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Partnerships have significant nuances with respect to both taxes and liabilities. Time to chat with your lawyer. Good luck.
Post: Do you track your NET WORTH?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Once a quarter. Not so often as to make it a distraction, but often enough to make it meaningful. Good luck.
Post: Sample Hard Money Contract
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
It's time to have a chat with your attorney. Good luck.
Post: Who is versed in Contract for Deed in Texas?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Not unless her mortgage is assumable, which it probably isn't. Good luck.
Post: HELOC as asset?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Nice try, but the answer is no. Good luck.
Post: 100% as Earnest Money Deposit
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
I would tell the seller to move on to the next buyer on its list. Too much risk in full price deposit. Good luck.
Post: Do you use a realtor?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
As a buyer, we always use our own realtor, since the seller pays the commission. Good luck.