Jim O.
My first check!
My first deal was an interesting one. Call it a baptism by fire. I found a deal in Georgia in April 2023 for $15,328.00 in Georgia. This property had two owners, a dissolved LLC, and an individual. When I first contacted them the owner of the LLC wanted to try to collect the funds himself but his partner wanted me to handle everything. Since I couldn’t persuade him, I backed off and let him try. I categorized the lead as “follow up” in my tracking sheet. I figured there was a possibility of them running into problems. I was right. I called them back about a month and a half later. This time both of them wanted me to handle the deal. The county rep provided me with all of the necessary additional paperwork needed for the claim which included an affidavit for the LLC owner indicating his status in the dissolved LLC. It included a field called “shares issued”. My client put “0” in this field. He should have put “1”. The county attorney then told me that the funds could not be paid to the owner of the LLC, or the other owner who had no involvement with the LLC, because their policy prevented them from paying funds to a corporation that issued no shares. I explained that my client misunderstood that field and asked if we could refile with the correct information. The answer was no and my heart sank. Surprisingly the county attorney did offer an alternative, i.e. have the agent of the dissolved LLC sign an affidavit that met the requirements of the county. We submitted the agent’s affidavit and the funds were paid out about 3 weeks later. Many thanks to Bob for the training on this business and the support team, especially Mike Vitrano who has been johnny-on-the-spot with detailed and helpful answers to all my questions. Believe me when I say I could not do this business without all of you! Bob, you run a first-rate organization!



