Guarantor vs. Co-signer
Do banks require that a co-signer be part owner of the secured property as well? Video Translation Speaker 1: (00:03) All right. Okay. Moving on to our next question. It must be from anonymous because we don’t have a writer. So we’ll just say anonymous...
Late Payment on Land Contract
Do I automatically lose my rights to a home that I purchased on a land contract if I have not made payments over 90 days? Video Transcript Speaker 1: (00:08) Okay. So this question comes from Thomas in Adrian, Michigan. And Thomas says that years ago, in 2004, I...
Contract Violations
What happens if a builder uses my deposit and loan money without doing the work as agreed? Video Transcript Speaker 1: (00:03) This question comes to us from one of your fans, David, who says, I have seen many of your videos. So they must be quite excited to ask their...
Why You Need an LLC and Operating Agreement in Real Estate
Single-Member LLCs and Operating Agreements A single-member limited liability company (“SMLLC”) is a one-owner business. The SMLLC is like a sole proprietorship, but having an LLC has advantages over operating a business individually, without filing for a...