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7 December 2024 | 150 replies
Because although he doesn't know my name or investing background he does think im a sucky entrepreneur.
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3 December 2024 | 10 replies
@Glenn N.As mentioned this makes no sense and you as the lender would never change the name of your company because of thisThe loan is still in the original entity and the loan docs should have default provisions if you used a legitimate attorney to create them
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29 November 2024 | 12 replies
Fannie Mae does not allow mortgages to be in the name of an LLC.
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1 December 2024 | 68 replies
Which leads to other posters to offer no sympathy for those investors and then the name calling started.
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3 December 2024 | 15 replies
I never had $10K to my name when I was getting started.
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28 November 2024 | 10 replies
I disagree, I had a time when my name and the name on the insurance didn't match and the lender was all over it, regardless of the on-time payments.Your best bet is to refi into a commercial loan that allows the LLC (if you've already purchased the property), or close directly with a commercial loan / DSCR loan.
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9 December 2024 | 20 replies
To illustrate this in numbers, I've personally sold a number of $150K houses to FHA buyers who had less than $10,000 to their name.
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28 November 2024 | 1 reply
My business is under a LLC but my properties are in my name.
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3 December 2024 | 7 replies
BTW if you need a great PM/co-host company in Joshua Tree, reach out to me and I can send you some names.
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28 November 2024 | 10 replies
So hard money loan in my name, down payment and carrying costs covered by her but we still need to meet to hash out the details.