All Forum Posts by: Al Wilson
Al Wilson has started 1 posts and replied 1062 times.
Post: forming an LLC
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Make it a single-member LLC, with you as the member. Good luck.
Post: Llc or partnership
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
It gets complicated with both family and a recently-concluded bankruptcy in the mix. Your CPA can advise you on the best structure and your lawyer can paper it for you. Good luck.
Post: Buy my house but let me die in it?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
She can sell you the house, but reserve a life estate. When she passes, the property is yours without the need to go through probate. Good luck.
Post: Can one investor sue another?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Legal question, so it is time to consult your or your investor's attorney. Good luck.
Post: First Real "Solo" Note Opportunity
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Assuming the FMV of the property will support the deal, I would give it some consideration at $100K, but not at $120K. Good luck.
Post: Converting a Church to Multi-Family
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Cool, but not the type of project with which to start your development career. Good luck.
Post: fraudulent tax lien
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
This is a legal question, so you'd be wise to take it up with your lawyer. Good luck.
Post: Reinstating a mortgage after forclosure has begun
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Take a spin through your mortgage. Unfortunately, I suspect you will find that the lender can do pretty much whatever it wants. You may need legal advice. Good luck.
Post: Any recommended conferences?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Same here. Industrial and office, but not multifamily.
Post: Any experienced Commercial Bankers/Commercial Borrowers - Life Insurance?
Al WilsonPosted
- Investor
- Daphne, AL
- Posts 1,121
- Votes 242
Commercial lenders at big banks are under increasing pressure to sell "add ons," such as insurance. That might be a clue as to why everyone wants you to have insurance. Good luck.