All Forum Posts by: Robert C. Bess Sr.

I am flipping my first home after renting homes for several years. I have had bad experiences with 2 General Contractors that I am going to have to take to court to redeem monies paid. However, I am in the final stages of my project. Are there ways to gain additional funding? I have leveraged credit cards and cash. What resources, if any, are there for me to seek additional funding.

OK, got it thanks

Team has anyone had experience with Tim Bratz Real Estate Empire?  I am thinking about joining the group.

Robert C. Bess Sr.

OK, thanks.  When speaking with the bank they did say initially I would have to guarantee any loans.  I am just trying to transfer everything piece by piece into corporate assets.  I understand everything else you mentioned and thanks for the response.  BTW my son played football for the Rhode Island Rams. Thanks again for the great advice.

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Hello everyone. I am not sure how in depth this has been discussed but I have a problem I am trying to navigate through.

I have several rentals that I have had a few years. I could not say that I was a professional investor, however, I am now trying to take the next step. I incorporated in January but in setup only. Meaning I did not change the properties into the Corporate name or mortgages. I have been in contact with a couple of banks that have given me the way forward to establish a relationship (credit) with them under the business name.

My problem is after doing a "QuitClaim Deed", how would I go about changing the mortgages into the business name without refinancing and paying closing costs on each over again. The interest rates are fine so there really is no need for a refi. Is this even possible or do I just have to start from here with new properties under the corporate name? Any advice would be great.

Hello everyone.  I am not sure how in depth this has been discussed but I have a problem I am trying to navigate through. 

I have several rentals that I have had a few years.  I could not say that I was a professional investor, however, I am now trying to take the next step.  I incorporated in January but in setup only.  Meaning I did not change the properties into the Corporate name or mortgages.  I have been in contact with a couple of banks that have given me the way forward to establish a relationship (credit) with them under the business name.

My problem is after doing a "QuitClaim Deed", how would I go about changing the mortgages into the  business name without refinancing and paying closing costs on each over again.  The interest rates are fine so there really is no need for a refi.  Is this even possible or do I just have to start from here with new properties under the corporate name?  Any advice would be great.