All Forum Posts by: David Santana
David Santana has started 3 posts and replied 24 times.
Post: Lead & Project Management Platforms
- Posts 24
- Votes 8
Has anyone had any experience with Realeflow and or FredomFlow? They both boost lead generation with a small fee to get in but a several hundred dollars for setup not including the cost of each of your marketing campaigns (especially if you are using mail). What been your ROI experience? Is the investment is worth it?
Post: Foreclosure listing services / platforms - Free or paid
- Posts 24
- Votes 8
For $39.80 you can subscribe to https://www.foreclosure.com/ I did for a while and they have an alert system that will send notifications to your e-mail and a free period so you can try them out before committing or making the first payment. I find it useful, please let me know your thoughts... Thank you!
A little background I already got two properties rented (single home properties), their mortgages are paid in full so I created an LLC and decided to expand into fourplexes. The bank is telling me that any purchases of 4 units or less will be treated sole-proprietor with the benefits of any regular consumer mortgage including 3% downpayment and lower interest rates. On the other, the purchase of 5 units or more has to be done under a Commercial Loan which will require a hefty downpayment and interest rate 75% to 100% higher than through the sole-proprietorship
I have been told the transfer of the tile between sole-proprietorship and LLC within the first 5 years is frown upon by the Banks plus it could have negative legal consequences. The Bussiness plan called for the purchase of 1 to 2 fourplexes in the first year as the LLC is useless to grow the business, I'm worried about my liability in short term as I plan to use the two properties mentioned above as collateral. Any Ideas on how can I protect my assets.
A little background I already got two properties rented (single home properties), their mortgages are paid in full so I created an LLC and decided to expand into fourplexes. The bank is telling me that any purchases of 4 units or less will be treated sole-proprietor with the benefits of any regular consumer mortgage including 3% downpayment and lower interest rates. On the other, the purchase of 5 units or more has to be done under a Commercial Loan which will require a hefty downpayment and interest rate 75% to 100% higher than through the sole-proprietorship
I have been told the transfer of the tile between sole-proprietorship and LLC within the first 5 years is frown upon by the Banks plus it could have negative legal consequences. The Bussiness plan called for the purchase of 1 to 2 fourplexes in the first year as the LLC is useless to grow the business, I'm worried about my liability in short term as I plan to use the two properties mentioned above as collateral. Any Ideas on how can I protect my assets.