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What happens when you find out mid-transaction that the property you’re under contract for isn’t the property you want?⬇⬇⬇In this episode you’ll learn Where the law draws the line for a real estate agent’s responsibilities What constitutes fraudulent representations How asset protection structures come into play in mid-transaction lawsuits// RESOURCES:🧑‍💻 Join my free on-demand legal myth busting workshopRead the complete Show Notes
Other people’s money can be a great way to skyrocket your portfolio without the headache of dealing with banks. But what headaches come with private money? Let’s talk about it with Dave Dubeau!In this episode you’ll learn:Where the legal risks lay in raising private moneyHow to find lenders in your existing networkDave’s money partner formula to create a flywheel of private investors⬇⬇⬇// RESOURCES:📆 Sign up for Dave’s Free Capital Masterclass on 9/22Read the complete show notes
Even if you aren’t doing creative deal structuring like this week’s guests, I’m willing to bet you’ve thought about wholesaling a deal. Fundamentally, this is a wholesale deal gone bad. What happens when the end buyer goes off the rails…. or ends up in jail? Tune in to find out!⬇⬇⬇In this week’s episode you’ll learn:Red flags to look for during a creative financing transactionHow to properly evaluate an “end buyer”The value of lawyer-prepared documents to CYA in messy situations// RESOURCES:📲Download my free Ultimate Legal ChecklistsShow Notes: bonniegalam.com/62
Buying non-performing notes is not for the weak of heart. In the best-case scenario, you’ve got an uncomfortable situation with the homeowner. Worst case a messy foreclosure. But the $5000 note Derek Dombeck purchased turned out to just be UGLY. ⬇⬇⬇In this week’s episode you’ll learn:How to evaluate note purchasesWhere a private money lender thinks the housing market is goingNavigating deals that involve difficult homeowners// RESOURCES:📲Download my free Ultimate Legal ChecklistsShow Notes: bonniegalam.com/61
If you’re currently collecting rent using Venmo/Zelle/Cash…. No shame…. But you might want to think twice about it. The risks of using these payment apps may feel like just another real estate investing boogie man but the consequences can be ugly.In this episode you’ll learn:1️⃣  Why your current usage of these payment apps is probably illegal2️⃣  The consequences of using these apps besides risking account shut down3️⃣ A refresh on rent collection best practices⬇⬇⬇// RESOURCES:Download the Ultimate Legal Checklists for LandlordsCheck out the show notes at bonniegalam.com/60
There are no cheap tax mistakes just like there are no cheap legal mistakes. In this week’s episode, Bonnie is joined by CPA Amanda Han to discuss common tax mistakes real estate investors make. In this Episode, You’ll Learn:           1️⃣  The tax consequences of having too many entities           2️⃣  The importance of understanding key terms when speaking with your CPA or attorney           3️⃣  Obtaining the deductions you want through proactive tax planning⬇⬇⬇// RESOURCES DISCUSSED IN THIS EPISODEDownload Amanda Han’s free E-BookPurchase Amanda Han’s Biggerpockets Tax BooksThe Book on Tax Strategies for the Savvy Real Estate Investor Amazon | BookshopAdvanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors Amazon | BookshopUse coupon “TAX” to get $400 off LLS this week only (ends 8/
Tenants can do the darndest things and unexpectedly finding a SWAT team outside your building is up there on that list. That situation happened to Amanda Micire with a rental she purchased just days beforehand.In this episode you’ll learn:          1️⃣  Eviction alternatives to put on the table when the tenant technically didn’t do anything illegal          2️⃣  Navigating communication with a tenant in tricky situations          3️⃣  Conducting due diligence on tenant-occupied properties⬇⬇⬇// RESOURCES:✔️Download my free Legal Checklists by clicking here
If you’ve ever thought, “I’ll worry about the legal stuff once I get bigger”... I want you to pull the podcast emergency break and tune in to this episode. Because judges, attorneys, and plaintiffs don’t care if this is your first property or your fiftieth.In this episode you’ll learn:     1️⃣  Why more properties don’t mean more risk     2️⃣  The reasons why asset protection doesn’t work retroactively     3️⃣  Why legal can actually be MORE expensive down the line RESOURCES:🎉 Sign up for my free LIVE legal workshop - The 5 Steps to Legally Protect Your PortfolioCheck out the show notesDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
The way you approach repairs should be the way you approach legal. You prepare for the worst-case scenario, but you also prepare to manage the little annoying stuff - especially so it doesn’t turn into the big stuff. Legal is the same. Tune in to learn:      1️⃣  Why I’d pick a house flood over a leaky faucet     2️⃣  How to identify the “leaky faucet” legal problems in your investing business     3️⃣  What you can do to stop losing time and money     4️⃣ Why “flood” asset protection strategy leaves you exposed👉🏼 Register for my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
Contractors are legal landmines. They can sue you, they can blow up your budgets and deadlines, they can put liens on your houses, and they can run away with your money. What's an investor to do?! In this week's episode, you'll learn the 5 steps you can proactively take to avoid contractor problems.In this week’s episode you’ll learn:1️⃣ How defensive asset protection tools like LLCs and insurance cover you in contractor disputes2️⃣ What to look for when vetting a contractor3️⃣ What type of documentation you should have for your contractor relationship👉🏼 Register for my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
Getting sued is awful, even if you win. This week I pull back the curtain on an awful personal lawsuit so that you can hopefully avoid a similar fate. In this week's episode of House of Horrors you’ll learn:1️⃣ Unexpected situations that arise in lawsuits2️⃣ What to do if and when you get sued3️⃣ When you should consider having additional LLCs and insurance4️⃣ How to fill in the gaps that lawyers leave open👉🏼 Register for my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
LLCs aren't the magic bullet most lawyers make them out to be. Whether you have all your eggs in the "LLC basket" or are investing without one, understanding that LLCs won't make you or break your asset protection plan is key. In this week's episode you'll learn:  The situations where LLCs won’t make a difference  How I realized that reliance on LLCs left real estate investors seriously exposed  The difference between internal and external threats to your real estate  What an LLC does help with during a lawsuitDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
Could you imagine wanting to get rid of a paying tenant? Now imagine the law getting in your way BECAUSE they are paying! The frustration is palpable in this week's episode with Frank Semo.In this week's episode you'll learn:Navigating your tenant calling the police on youTenant due diligence best practicesSelling a tenant-occupied propertyDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
If you've only had easy tenants, your world can feel turned on its head when a tenant becomes nonpaying, destructive, or emboldened by bad attorneys..... or in the case of this week's horror story all of the above.  This week on the podcast we'll share:The emotional difficulties that come alongside an evictionWhat to do when Section 8 providers throw in the towelThe value of de-escalation in tenant conflictsDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
Most property owners will breathe a sigh of relief when they hear their insurance is going to foot the bill. However, what happens when the insurance's "fix" just makes things so much worse? Tune into this week's horror story to find out!In this episode you'll learn:1. The ugly side of working with insurance-"vetted" contractors 2. How the legal system often doesn't bring justice, just closure3. Where the homeowner wishes they would have put their foot down  DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
Love, lies, and hundreds of thousands of dollars of loss. This week's episode is about the story of a Philadelphia area contractor who befriended investors and their families. Ingratiating himself into their lives with good deeds... sometimes even getting romantically involved before conning them.Join my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a written and dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
In case you need the reminder, there’s no such thing as retroactive asset protection so the best (and frankly cheapest) way to tackle the legal stuff is as early as possible. This week’s podcast guest, Amelia McGee ran into trouble in the FIRST week of owning her FIRST investment property.This week's episode of House of Horrors is all about:1️⃣  Tenants doing the wildest and craziest things 2️⃣  The trials and tribulations of being a single, female investor3️⃣  Evictions beyond nonpayment of rent⚖️ Register for my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
I know none of us would ever start a Ponzi scheme but what are the red flags? What should you put in every contract to make sure the Seller isn't doing this? And what should you know before your next refi so you don't trap yourself as this investor did! In this week's podcast episode you'll learn:1️⃣ The importance of beefy seller’s representations (and buyer’s attorneys to put ‘em in the contract!)2️⃣ Red flags to keep an eye out for with contractors3️⃣ Why cross-collateralization can be risky👉🏼 Sign up for my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
Turn key real estate investing is sold as a foolproof (albeit less profitable) form of real estate investing. You get the property, rehab, and property management all in one swoop. But what happens when the all-in-one Seller, contractor, and manager are corrupt? Tune into this week's house of horrors to find out as Bonnie chats with C/D class property manager Mike Bonadies about an investor who got seriously burned by their a turn-key provider.This week you'll learn:1. The risks of putting too much faith into turn-key rental companies2. Why there is an inherent conflict of interest between you and your property manager3. Why title insurance is an absolute necessity even if you’re purchasing in cashDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
This week on the podcast, Bonnie Galam shares the story of the home that inspired the name of this podcast. How did a simple oversight end up in 6 figures of fines, multiple dead bodies, and nearly a 6 figure clean up? Tune in to find out!DISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC
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