8 October 2011 | 17 replies
I don't want to..ya know...break any laws when I start out.
10 October 2011 | 6 replies
Nevada is a VERY good state for business entities - but then again, if you have business entities that own real estate, it is usually best to have the business entity formed in the state in which the real estate is located.Anyway - A Series LLC is a way to form "multiple" LLCs under a "parent" LLC, yet it is still only ONE business entity for state law purposes.
27 October 2011 | 6 replies
That would be your most likely source of funding for a fixer.Also, be very aware of any redemption periods that might apply (varies by state laws); if there is some redemption period, you might end up having to hold through the entire redemption period before you can get anybody to be willing to lend.
12 October 2011 | 15 replies
Probably if Fl has the same property laws as Tx.
13 November 2011 | 4 replies
This is against public policy in NC under the liberally construed Real Property Marketable Title Act statue and its related case law. "...marketable record title shall not affect or extinguish the following rights... (11) Deeds of trust, mortgages and security instruments..."
11 October 2011 | 10 replies
I've also been researching transactional funding, Hard Money lending but am worried about usury laws, compliance with state/federal regulations, dealing with brokers, title companies, attorneys, CPA's and the due diligence on the property to fund.
11 October 2011 | 15 replies
I guess you could extend this model to the leasing/tenant mgmt side as well, but that gets more involved with needing agent's license, knowing housing law ins/outs, etc.
9 October 2011 | 13 replies
Each state has the authority to enact its own legislation governing commercial transactions, which means there can 50 different laws governing a certain type of transaction depending on what state you are in.
11 October 2011 | 1 reply
They don't take into account your area's specific state, county or local laws and real estate regulations.You can try somebody else's, but I think it's worth it to spend $300-500 on a good one tailored to your specific niche.
12 October 2011 | 5 replies
It very well may depend on what PA law says.