All Forum Posts by: Silas K Garrett

Well since you mentioned syndication I've been, working on another project that I will not be able to fund myself but have reached out to some investors about. 80 acres in a soon to be highly developed area next to a big, new college. That's a whole different topic tho.... Pm if you want some more details

Sorry about that I deal in buy and hold.

That would be similar to a limited partnership correct? My investor doesn't want much of anything to do with the buying and renting side they mainly just want the capital gains. Would a joint venture fit within that scope

Update we assumed the hard money loan and they are giving us 60 days to refi. so im in the process of getting a conventional note on it asap

Gonna keep this short and sweet, i have investors that want to give me money to invest for a small return (6-8%) to be exact i have a particular investor willing to put up a million +. how do i do this legally? i have plenty of ways to spend it to make a great return, i just want to do it by the book. Also being the recent law changes can i advertise to friends and family? Do i have to start a crowd funding platform or are there other answers? I've also emailed this to a lawyer so hopefully he will have some answers as well

thanks and have a blessed day

I'm in Texas! Looking for college rentals

Yes there might be a little bit of miscommunication, Im actually going to hold this property as a rental in my name. @Brent Coombs

Hey guys quick question, I've searched a little bit through the forum on subject to and assumable loans. I haven't seen anything when it comes to a hard money loan. Long story short this is a flip gone bad(ran out of time and money), not enough credit to refinance, so the seller wants to just walk away. I've already talked to the bank and I can get a speedy refi, any special procedures I need to know about? The sellers loan is a interest only floating rate from a hard money lender.

This is great information! That was exactly what I wanted to know. Plus it looks a lot better than a lock box. I'm going to switch out all the lights to led, and have the house tested for major air leaks(used to work for a company that did it) it's a major improvement to the utility bill. Thanks!

Great thanks for the reply.