All Forum Posts by: Alex Morrison

@Duane Alexander OTP investor here. We’re not seeing 1% at all either. I’m seeing a lot of investors liquidating their portfolios at like 0.5% of the “1%” rule and they’re selling..

@Tim Fraraccio for attorneys, check out Steve Emert in Duluth, also Jenefir at Stuart, Melvin & Frost in Gainesville

I’m a realtor out of Duluth that primarily works with investors in our area.

Good luck!

@Micah Redden Great clarity and insight. Thank you! 

@Jody Sperling thank you. My plan is to use this to fund down payments for quicker fix & flips, but of course if numbers don't work out I'll need to hold and rent out and grab landlord insurance. 

Hi!

I’m an investor out of Duluth, GA - which is in the suburbs of Atlanta.

I just recently closed on a nice HELOC (224k credit, 3% APR, interest only) to use for financing some upcoming deals.

My question for the legal professionals here- the HELOC is under my personal name (it's taken out against my primary property), but I'd like for upcoming fix & flip projects to be under a different LLC for liability sake.

Are there any restrictions on using that HELOC and putting the property under the LLC ownership? I'm assuming "I" can buy a home for the LLC.

Or does the money need to transfer to an LLC owned account before being used? Interest starts accruing the day credit is withdrawn.

I have some assumptions here, but don’t want to trip up.

@Tyler Evans hey Tyler- I’m a realtor and investor out of Duluth, just a few minutes from Buford. If you need any help finding a specific type of sub-contractor, I should be able to point you in the right direction.

@Ryan Murdock Love this project! You should connect with Pouya Dianat at Beam Imagination. They are working on a similar project down in Adair Park.

Great advice @Hersh Shah! 

Thanks Bill! 

@Jacari Boboye hey Jacari! I’m an investor and realtor out of Gwinnett county. If you’re interested in searching from Decatur and anywhere up the 85 corridor, I can point you in some directions.