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17 October 2024 | 23 replies
DSCR Loans only available when property is fully finished and turnkey, however you might want to look into a lender that offers ground-up construction loans and DSCR.Also - be careful around the modular home / quick property types since these mortgage loans typically have to be secured by foundational real estate, so anything that can be moved or not fully foundational is probably a no-go (can't foreclose/protect the investment as a lender)
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17 October 2024 | 2 replies
First, you need to form the LLC for this purpose and I would recommend having an asset protection attorney do this for you.
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23 October 2024 | 22 replies
If you mean trying to track a deal from start to finish to see how it went I can show you a bunch and walk you through where things go wrong and how to protect yourself.
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16 October 2024 | 6 replies
This strictly relates to asset protection.
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19 October 2024 | 7 replies
Paying for it on card for liability protection, getting warranty/insurance work, pulling permits, lien waivers, etc.2)Get deeper, not wider.
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17 October 2024 | 12 replies
It's your duty to protect them and your relationship with them.Sure, "their interest lies more in the monthly payments" right up until the payments stop coming.
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16 October 2024 | 6 replies
I also believe your management LLC is overkill if liability protection is the intention.
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17 October 2024 | 5 replies
This gives you an additional level of liability protection.
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17 October 2024 | 5 replies
I'm looking to form a revocable trust to have all my assets in it, I understand that it does not protect me as an irrevocable trust would.
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17 October 2024 | 4 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.