Nick Runs
Legal implications for Sqftage discrepancy
Hello, has anyone ever heard of legal implications for sqftage being misrepresented (>20% off) in contract or post sale? Or Errors & Omission claims kicking in post sale OR as a way to get earnest money back? A...
Pierre Van den Berg
Swapping lots - legal and tax implications
Hi, I would really appreciate it if someone can give me advice on the following: - I am a South African and own a lot in Georgia, USA. My neighbor needs more priva...
Arianne L.
International lending - tax and legal implications
Hello BP community! I have relatives who have expressed interest in becoming private lenders for our real estate business. The complicated thing is, they are based in different countries. Australia, New Zealand, Saudi...
Stephanie W.
Tax and legal implications of 5+ units
I have a six unit under contract. It is my first 5+ property. I have two duplexes and four single families and manage them all myself.Are there different landlord/tenant laws that only kick in once 'commercial propert...
Toni Guerrero
LLC Member as Contractor - Legal Implications for Liability
Hello all. My husband and I are equal members in an LLC that holds 4 houses, and another LLC that holds one house and one 4plex. We have a property manager who controls all of the properties and historically arranged ...
Claudya Richardson
Should contractors for flipping be licensed or unlicensed?
Received advice that my general contractor should be licensed to prevent me from legal implications after sale. I've ran into so many people that had problems with their home after a flip or a flipper used non license...
Gregory Durgin
Starting a Undergrad College Real Estate Fund -- What should I know
Background: I am an undergraduate student starting a real estate fund with $100,000 pledged from the Administration.
As mentioned above I am starting a real estate investing club on my college campus with a good chun...
Nicholas DeLouisa Jr
Being Your Own Real Estate Agent, Legal/Tax Implications
Hello all,My wife and I (and a potential partner) are starting the process of creating our business. Along the way we are coming up against some questions that are not easily answered using Google. In fact, I have s...
Todd Magin
Out of State Series LLC, Legal And Tax Implications
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
Rich Hupper
What are the tax and legal implications of this....
I have a client who bought a property with cash at fair market value but now wants to give it to his family's LLC for 1 dollar. My client is not a member of this LLC. Can someone tell me the the tax implications of th...