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...
Earnest Money Deposits: Everything You Need to Know
Why Require An Earnest Money Deposit An Earnest Money Deposit, also known as a good faith deposit, comes from the prospective home buyer and it shows the buyer’s commitment to the seller that they are serious about purchasing a seller’s home. Once the...