All Forum Posts by: Steve Montalvo

@Thomas Wright

I’d be interested in speaking to you privately to understand more of what you’re trying to do. I think a forum is a tough place to understand the nuances and get details. Let’s chat.

thank you @Lance Lvovsky, I would like to try and keep it here in Colorado. What is Linda's last name?

Hi,

I am located in Denver, CO and I am looking for a recomendation on an accountant and an attorney that specialize in foreign investor clients. I have a family member that wants to invest money in real estate with me here in Colorado. I need someone that can help us naviagte through this process. I have formed my own LLC, so that isn't my biggest concern. We need to be sure that his entity is set up correctly for a foreigner and then we need some guidance on opening a US bank account so he can wire money from his foreign bank account into a US bank account that would be opened in his business name. He wants to hire an accountant to keep his books here in the US as well, so hopefully this community can give me some strong recomendations, thanks in advance.

@Matt Dalton that would be awesome, thanks so much!

@Odie Ayaga yes sir, there are several here in Colorado that are asset based lenders, so they don’t perform a credit check.

I appreciate it, thanks!

@Chris Teti a divorce left my credit in absolute shambles and if I didn’t have a mortgage already I wouldn’t qualify for one.

@Derek Dombeck thanks so much for the insight, as long as there is a possibility I will look for someone. I just wasn't sure if it actually happened at all in the industry, thanks!

Yea that does make sense, but I am trying to avoid using my credit at all. Most HML don't typically do a credit check since the money is being lent on a specific property.

Is anyone aware of any Hard Money Lenders that would lend on the equity in a property? Essentially they would create a lien on the property for the 10-15% most HML require? This would be a seperate property from the property being purchased and rehabed. I am not sure if I heard this could be done or if I dreamt about it. I am in Colorado so my property has a large equity amount but I can't access it without refinancing which I don't want to do, I would like to use a small portion of the equity I have in my property to use HM to get another property. Thanks in advance for any insight.