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17 October 2024 | 12 replies
Even if you're planning to just sell the property when the loan is due, then you've still got to take into account the transactional costs: agent commissions, price concessions, holding costs, and closing costs, to name a few.And, what if it's worth less in two years than it is now?
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20 October 2024 | 84 replies
@Edward Heavrin: Both options, but at a high enough equity you kind find long term mortgage products that will allow cross collateralization, so you can use those high equity or free and clear assets in lieu of down payment.
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14 October 2024 | 5 replies
I have noticed some as-is transactions recently in the area as well.
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11 October 2024 | 2 replies
And it crossed the neighbor A’s back yard and hit another's neighbor B's swimming pool.
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11 October 2024 | 7 replies
They're doing all our wholesale and creative transactions.
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13 October 2024 | 2 replies
** If you’ve engaged in rent-to-own or lease option transactions, what tips do you have for making sure it’s a beneficial arrangement?
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11 October 2024 | 7 replies
By Owner's First and Last Name: Cross-reference any legal actions involving the property owner.
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15 October 2024 | 40 replies
TITLE Companies are already required to report certain cash transactions in certain geographic areas of the country to FINCEN so they monitor movement of money in certain areas.
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12 October 2024 | 7 replies
I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.
13 October 2024 | 9 replies
My recommendation is to start by truly understanding what owning your properties in an LLC will do for you before spending money on entity formation and the subsequent transactional costs.