All Forum Posts by: Tim Delaney

Hi E. J., thanks for the help. Maybe doing a HELOC would be the best way to go so I can keep the property (which really has done well for me over the past four years, currently has a paying tenant, etc.). Thanks for reminder that there are other options available!

Hello, BP Community Family & Friends, my name is Barak Ben Israel  Born & raised in the state of Israel I’m 28yrs young. Recently relocated to the United States i Am A CITIZEN & I’m just starting my journey in real estate. I’ve been researching and learning about the industry, but now I’m ready to take real, actionable steps. I’m eager to gain hands-on experience, build connections, and learn from experienced professionals who have navigated this path successfully. My long term goal is to invest & own rental properties for long term and wealth building,  while my short term is to master The BRRRR strategy, alongside with Fix & flip houses, etc.I would love to connect with a mentor or anyone willing to share insights, advice, or guidance to help me start off on the right foot. I’m open to learning, taking action, and providing value in any way I can. If you have any recommendations or wisdom to share, I’d truly appreciate it!”

Barak.

I have a 7 day vacation stay voucher to use up, expires today.

As a land investor, I recently created an LLC. I wonder of someone can comment about the notice I have just received in the mail from the Pennsylvania Business Posting Department regarding it.

“Your business is required by Federal Law to post a current compliant labor law poster in the workplace. Federal law requires that this poster be placed on the property of the business whether you have one employee or 1,000….The poster must also include information about workers’ compensation benefits. Failure to post required state and federal labor law notices can result in fines of nearly $40,000….To obtain your state and federal employment labor law poster, please detach the bottom portion of this letter and return in the enclosed envelope with your document processing fee of $92.58.”

I am the only person in my LLC and this will not change. I work out of my small home office, where no one has a need to visit. The only thing more absurd than my wanting to hang the poster where no one will see it, is their indicating that I need to pay a $92.58 processing fee. And a close second in the category of absurdity is their threatening me with "fines of nearly $40,000" if I don't post it where no one is going to see it anyway.

I am wondering if other people who are a one-man LLC have experienced this, and what insights they can bring to bear on the subject.

I recently sold my first piece of real estate without an agent and had very successful results, which is why I'm looking at purchasing without an agent as well. I feel like a deal would be much easier to obtain if the seller knows they don't have to pay commission to the buyer's agent. It's more money in their pocket which could result in more money in mine as well. Thoughts?

I'm not sure yet if I'll be purchasing on or off-market. I'm looking at both right now. 

I understand I could ask the seller's agent for dual representation but I think that defeats the purpose of not using an agent.