All Forum Posts by: David Besins

One of my hard money borrower has stop payment on his loan. I offered to buy the property for more then the loan amount but he wants to keep the house.

this is the first time I am going thru this.

Is there a way for me to get the house without going through the auction/sale process?

The loan is for 225K the house should sell for 525K when remodeled. I offered 315K.

I flip homes and could do good on the property.

I am starting to build a rental (mostly multi familly / commercial) investment portfolio and was wondering if I should put them into LLC (single member) or elect for S-corp.

I understand before the new tax law LLC was easier with no salary requirement but with the new pass thru using 25% of W2 + 2.5% all rental would qualify for the full 20% deduction (being over a certain threshold of income you are required to use some formulas and cannot take the full 20% automatically).

I estimate the profit for the portfolio to be in 250-400K (without any salary taken out).

What do you guys think?

What are you guys doing?

Thank you 

I am going to re-start building a multi family portfolio with properties in MA and FL. My goal is to buy $6-$10M @ 25% down over the next 18-24 month.

Would anyone be able to give some recommendation for great commercial lenders that would:

Be able to lend in the two states in question 

Offer competitive rates

Not have any limits in terms how many units/loans any investor can have

Not sell the loan - That is a though one but I don't want to deal with 20 loans that get passed around for the next 20 years

Can close quickly once we have establish a relationship

Please let me know what you guys think 

thank you 

I was having some issues as well. Being from France and working in the US (real estate), High net worth in Europe are terrified of filing anything in the US and they most likely will.

If they are OK and easier approach is structuring the investment as a loan. Most European countries have double tax treaty with the US (usually 15% taxed on both end for a total of 30%).

The upside you can pay out 6-7% and pocket the difference the downside you have to stick to a loan Fixed returns over a fix period of time.

Return are lower in Europe (so are loans) so we tried to simply borrow at 6-7% and do hard money loans for 10-12% great idea, little work. But almost everyone with money walked away after talking with their local advisors because: " Do you really want to be filed in the US for an extra 30-50K/year"...