Recent content by MABOATING

  1. M

    Golf Investors have demanded Capitol Fund from Members. Will Terminate Our membership if not Paid

    Thank you for your insight. This email message gave us two weeks to decide if we’re going to pay it. They will raise well over a million dollars if everyone pays. Non golf related items like building hotel rooms, shuttling guests to the airport, building tennis courts are a part of what they...
  2. M

    Golf Investors have demanded Capitol Fund from Members. Will Terminate Our membership if not Paid

    Thank you. I did not know if “supplement” or any of the language that states they have the right to change the “plan, rules or regulations” could be a way to charge us this new capitol Assessment Never discussed with any member till last week.
  3. M

    Golf Investors have demanded Capitol Fund from Members. Will Terminate Our membership if not Paid

    I get that! There are just a few paragraphs between these 4 pages that would pertain to my question. I should have marked out the ones that are not relevant. Thank you
  4. M

    Golf Investors have demanded Capitol Fund from Members. Will Terminate Our membership if not Paid

    I have attached the Membership pages that discuss the Fee's, Dues and Charges. I do not see a clause that we have agreed to pay this new capitol Assessment. In addition the Investors have demanded a monthly Capitol Fee be charged in addition to our Dues. I do not see where it states we are a...
  5. M

    Commercial Seller Financing payment deposited in wrong acct

    Have a Promissory Note on a property that stipulates the Buyer must make the payment on time or cure a past due payment within 10 days. No written notice by Seller is required. The Buyer is required by the Note to direct deposit the payment into a specific checking account by the LLC. This...
  6. M

    Right of first refusal

    I thought that might be the case. I will ask. It’s still a good investment for me. I will most likely have to hope they are one day late with their payment and do not pay the late fee. I will post back with what he advises hopefully later tomorrow or Tues. Thank you!
  7. M

    Right of first refusal

    This is a discussion I will have with my attorney but would appreciate any input that I might be able to use when speaking with him I leased a property with right of first refusal. In a wording glitch there was an expiration date they had to purchase and after that date I offered it to another...
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