All Forum Posts by: Scott Peace

Thanks everyone, that is extremely helpful.  I am not sure how we will proceed yet, but it is good to know all this.  

Hey all, I am a newer investor in Lexington KY. We have a quad we bought about 3 months ago with a conventional 30 year loan. We formed an LLC but still haven't had time to quick change it over. In the meantime, we recently put two townhomes under contract and while I am getting my funding secured, I am hearing two different things. I hear from my money people that we can't get a conventional loan if we have a LLC. Is that true? This is a mortgage broker and a smaller local bank that will also go out on the secondary market. I have worked with both before. Anyone have experience with this? What happens if we buy the houses in our name and then transfer them to the LLC? Thanks, Scott

Hello all!  This is my first post.  We have one 4 plex that we bought with a conventional loan.  We are tapped out at the moment, but we still want to acquire some new properties.  There is a duplex that is for sale by owner, that I think it a pretty good deal.  I talked to the owner about owner financing and he wasn't interested in it.  Can you all think of any other creative ways to approach this property so that we won't have to get a conventional loan?  Thanks in advance!

Hello, I am just now getting started in REI. We just bought a multi unit here in Lexington and are always looking for partners and other deals. Give me a shout if you would like to talk.