All Forum Posts by: Felix Contreras

New Subto Deal currently listed but seller needs to move and is open to sub 2 and creative financing. 

Dixon California 

3bed room 2.5 bathrooms

1711 sq ft on over 3254 sq ft lot and built in 2015

Asking Price  $576k

Entry $100,000 (buyer to cover any cost to close )

Finders Fee 10k

Seller Financing the 100k to be paid out in 3 years.

Total out of pocket $110,000 

Loan Amount $376,000

Interest rate 2.25%

$2,440 PITI All fees to be confirmed by title

Va loan 

No HOA

Per Rental comps on average in area Long term rental 3000-3200 a month,

Yes they are at first I would just like to move one to an LLC, I am also trying to see what would be best for me. Tons of information out there that tell you its better to do a land trust and LLC as the beneficiary. Complex but want to see if you know the best way to safeguard my assets. Trying to continue on the road of real estate investing and would like a structure plan before moving forward.

I see yeah they will stay in my name im just moving them over to my LLC so therefore it should be okay. I have heard that could be a possibility of the loan being called due, something to consider. Overall goal is to keep using the structure to continue to purchase more real estate.

Lawyer needed for structuring and formation of LLC in Nevada. Can someone please point me in the right direction on a reliable lawyer to use for these concerns.

I would like to see if anyone knows of a real estate attorney in Nevada who specializes in real estate structuring. I have two properties that I would like to move over to an LLC. I am new to real estate and would like help in the process and advice on what its the best route for me

I would like to see if anyone knows of a real estate attorney in Nevada who specializes in real estate structuring. I have two properties that I would like to move over to an LLC. I am new to real estate and would like help in the process and advice on what its the best route for me.

Hello,

I have a question and seeing if anyone knows someone who has products available for funding a new development, that will include land and short term rentals. Mainly looking at a unique experience, it will include tiny homes, domes, and an area to park RV's. Close enough to the city but out of the city limits and taxes. The funding would be for the land, clearing, and cost to acquire the tiny homes and domes, not sure if there is even a product that could include all this in one loan. 

Where to find off market deals? Database or any recommendation will help. To include expired listing or close to expiring? 

@Account Closed thank you for that information, it's good to know what could potentially happen in a subject to deal. Each deal has its own risk, its good to consider all possible outcomes. 

For the buyer, Currently considering subject to on an active foreclosure.