All Forum Posts by: Robert Lemley

Thank you, Mr. Johnson, for the general information. 

Hello,

I am meeting with a real estate lawyer, and I want some suggestions on important questions I should ask him. It will be my first meeting with him to get to know how he operates. Anything will help. Thank you.

Awesome. Thank you for the information. 

Does anyone have any questions I should be asking my attorney during the meeting? @Charles Carillo 

(Also I hope I tagged you correctly. I am still learning this website) 

Thank you, Charles! Yeah, I have a meeting with him to discuss this in detail. Also, it's good to know I am not alone in this situation. Lol 

I use the app Personal Capital to help with budgeting and Cash Flow. I hope it helps you. We got this. I am in the same boat!

Hello BiggerPockets, 

My name is Robert,I am new to real estate investing, and I am starting out with an LLC due to other investors working with me. The local loan officers that I am working with are saying that they do not close loans in an LLC name, and they can switch the title in the name of the LLC after we close.

My concern is triggering a "Due-On-Sell" clause and that the life of the loan will be under our personal names and not the LLC.

-Does this open us to up any liabilities if we get sued? 

-What are some things to look out for during this process? 

-Would this cause any problems with insurance? 

I am just getting started, and I don't want our other assets to be at risk. Thank you, any advice would be great.