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Updated about 10 years ago on . Most recent reply

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32
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16
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Robert H.
  • Investor
  • Oahu, HI
16
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32
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1st Trust Deed Question

Robert H.
  • Investor
  • Oahu, HI
Posted

If the borrower is directing the funds to an LLC or self directed IRA would there be any potential problems down the line, for example if there was more than one person in the LLC?

Most Popular Reply

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17,872
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,265
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17,872
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied
Originally posted by @Robert H.:

'All loans are written to an LLC, Inc. or self-directed IRA, not an individual, to ensure a cash-flow investment purpose.'

This is written in the disclaimer of under the current notes that are available.

This statement doesn't make a lot of sense to me. While I understand that this could be their model (not to work with individuals), I'm not sure how it ensures a 'cash-flowing investment purpose' and what it means...

Have you tried contacting them directly and asking some questions?

I was able to locate one of their reps here on BP: 

http://www.biggerpockets.com/users/ChrisE3

  • Dmitriy Fomichenko
  • (949) 228-9393
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