Commonly, children will have powers of attorney for their parents when they get older and may need assistance with financial transactions. If a child holds power of attorney for their mother and/or father, they may represent them in a real estate transaction.
Using the standard forms downloaded for free from a website is usually a bad thing, but not so with the TREC real estate contracts.
Transferring property into your LLC can be a lucrative and beneficial move. If there is existing debt on the property such as a mortgage or promissory note, certain considerations must be made before effecting the transfer.
Purchasing real estate by way of specially formed LLC can mean big advantages for owners and investors. Learn some basic considerations when choosing your entity and forming your portfolio.
Seller Financing can help both sellers and potential buyers of real estate; Learn the ins and outs as well as the precautions when entering into seller financing agreements in a real estate transaction