All Forum Posts by: Balo Mutho

Summary of the entire discussion thread:
Need to go through, which seems to be a real gem: https://www.biggerpockets.com/....   TY very much for your guidance, @Dmitriy Fomichenko.

Lenders (at present time of Sep 2021) who do not initiate Non Recourse loans:
1. @Heath Thomas Jr 
2. Dmitriy (who shared the above link) and @Brian Eastman (They might work for SOLO401Ks and SDRIAs, but not for LLCs) [ TY for the info: @Daniel Dietz

Considering the higher sale price, the seller would get slapped with a higher taxation, IMHO.   Not sure of all the implications, but these plans would scare away most "legitimate" sellers.

For Rentals in MI, are there any recommendations for Non Recourse loan providers? I have excellent credit (around 780 - 810), but would still need to stay away from Personal Guarantee on these LLC owned properties. I've exhausted the BP List for "Rental" type of loans (Not fix and flips), and wanted to explore if any of you have a "happy" / ongoing relationship with Mortgage providers?

Currently, I am just planning to cash-out Refi one SFR rental, + add at least 2 Duplexes within the end of the year, if the resources and relationship are strong.

MetLaw is a service that I had been using lately for support towards RE contracts and other legal.  They have a large selection of lawyers.

Wondering if any of you have experiences and willing to share ideas about them?  GOOD / Bad & Ugly.   [For anonymity, if you prefer a private response, please feel free to send me a private message, and if you are OK, I can help consolidate those as a follow up.]  Ideally it would be great to see:
1. What type of RE service
2. How did you feel about their quality of work and their service
3. If you were to do the same service again would you still use them and what would you do differently the next time around?

Orange County:
The Zeini Law Firm, PA                        407-381-2505
The Elkins Law Firm, PL                      407-644-5117
Edward A. Kerben, Esq.                       407-425-1651
Law Office of I.J. Wesley Ogburia        407-481-0200
Latham, Luna, Eden & Beaudine LLP 407-481-5800
Law Offices of Joseph Haynes Davis     407-839-3725
Law Offices of William A. Santana        407-616-5990
Lorraine M. Durham, P.A.                     407-956-2900

Seminole County:
C. Anthony Gonzalez, Jr., Esq.             407-331-5505
Anderson and Associates, P.A.              407-843-9901
Straus Law, P.A.                                   407-331-5505

Volusia County:
Principle Legal Offices                         386-626-9006

TIA for sharing.

For primary homes, one can do HELOC or cash out refi.

For an investment home, what is the best way to take out a second mortgage, while a first mortgage is still in place?

Are there speciality investors, or are there any suggestions?

I have a 792 credit score, if that helps, with rental property being rented for 4 + years.

As a post discussion: Are there any other options or thoughts that you had used or even considered for this, @Jeffrey Brandt?

For Creating Land Trusts in MI are there attorneys near Detroit / Warren / Troy area, who you trust, or can provide referrals?
Also, if possible, please share your experiences (pros and cons) about them.