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19 January 2025 | 8 replies
If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.
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1 February 2025 | 23 replies
Some will shed most is not all of their rentals and just do lending .. personal choice.. some things to keep in mind ONLY do first loans.
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30 January 2025 | 6 replies
Non-recourse has less personal exposure, but you need a very strong balance sheet to secure this without bringing in a KP.
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6 February 2025 | 15 replies
The flippers we personally work with in California have not run into this issue (as far as I'm aware).
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22 January 2025 | 3 replies
I have a situation where a person I know is moving out of the country and would be looking to put their home for sale in the summer.
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22 January 2025 | 12 replies
I personally think being a landlord in Chicago is easy and I have never had an eviction.
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27 January 2025 | 7 replies
I tried to create rapport with the owner over the phone but waited to present my real agenda only in person.
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19 January 2025 | 10 replies
The interest rate on a HELOC or Heloan may be better than the personal loan.
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20 January 2025 | 5 replies
No personal income or tax returns are required.
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25 January 2025 | 26 replies
Have you calculated what your (monthly nut) is you need to survive business wise and personally?