Sounds like you’ve already been through a full real estate bootcamp by accident — that’s one way to learn fast.

The other is in the low 500s but stated that this is due to a car accident totaling her car and is in litigation, so she is not paying on the loan. 

The best layers of protection, but of course - get your own legal opinion from your own team  1.

It’s one of those things you don’t think about when everything's going great in the relationship, but when it falls apart, all the legal blind spots show up real quick.Honestly, this is why I always tell friends (especially younger ones) to treat real estate like a business, no matter how in love they are.

@Nicole PierIt is legal to transfer a lot from personal ownership to a C corporation via quitclaim deed and then sell it, but the IRS generally treats the transfer as a taxable event under IRC §1001 at fair market value (FMV).

A few things to help clear it up:Which state’s laws apply – Even if you set up an LLC in Wyoming or Nevada, because the property is in Florida, you’d still have to register that LLC as a “foreign LLC” in Florida to legally own property there.

It took him 5+ weeks, he was consistently rude, yelled at us, called us “cheap”, and now he’s threatening legal action over $200 even though he still hasn’t sent any receipts for the extra charges we never agreed to.

Recently, I told him that I'm not sure that profession will still exist in 10 years (when it comes to drafting legal agreements at least), as the last several times I needed to do anything with regard to a contract or legal document - I used ChatGPT to great success..

We discovered this by accident when looking at a property that was listed with Short Term Rentals "okay" on the RMLS.

There are some dogs that just have to be on the couch so these cut way down on dog hairs.We provide dog bowls for water and food along with an absorbent mat.Last up we have a small Bissel hand cleaner for accidents.