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23 November 2024 | 15 replies
There's a nexus of factors tied to the LLC lending question worth noting.Typically we use a specific type of private business-purpose note that enables LLC lending.Other benefits of this note include: No Income Verification, No Credit Reporting, LLC Liability and Privacy protection, Unlimited Number of Loans, Far Less Documentation,... many obvious and non-obvious reasons savvy investors run this route.These notes are also competitive with FHA/VA/Conventional interest rates; however a 15-20% minimum down payment is required.Happy to help you cover the bases.
19 November 2024 | 1 reply
Ensure you research local market conditions to ensure your fee aligns with property values, usually aiming for $5–$20k or 5–10% of the property’s ARV.
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20 November 2024 | 2 replies
Defaults and Remedies A default exists under this note if (1) Borrower defaults in the payment of this note or in the performance of any obligation in any instrument securing or collateral to this note; (2) (a) Borrower or (b) any other person liable on any part of this note (an "Other Obligated Party") fails to timely pay or perform any obligation or covenant in any written agreement between Lender and Borrower or any Other Obligated Party other than as described in (1) above; (3) any representation in this note or in any other written agreement between Lender and Borrower or any Other Obligated Party is materially false when made; (4) a receiver is appointed for Borrower or an Other Obligated Party or any property on which a lien or security interest is created as security (the "Collateral Security") for any part of this note; (5) any Collateral Security is assigned for the benefit of creditors; (6) a bankruptcy or insolvency proceeding is commenced by Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; (7) (a) a bankruptcy or insolvency proceeding is commenced against Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party and (b) the proceeding continues without dismissal for sixty days, the party against whom the proceeding is commenced admits the material allegations of the petition against it, or an order for relief is entered; (8) Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party is terminated, begins to wind up its affairs, or is authorized to terminate or wind up its affairs by its governing body or persons, or any event occurs or condition exists that permits the termination or winding up of the affairs of Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; or (9) any Collateral Security is impaired by loss, theft, damage, levy and execution, issuance of an official writ or order of seizure, or destruction, unless it is promptly replaced with collateral security of like kind and quality or restored to its former condition.
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1 December 2024 | 91 replies
Some strategies and asset classes are better in different market conditions - but difficult times doesn't mean you have to abandon an entire method of investing!
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22 November 2024 | 12 replies
They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.
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21 November 2024 | 11 replies
We can apply for conditional use permits, or we can declare the new unit through zoning as long as it meets all requirements.
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26 November 2024 | 127 replies
I originally invested in properties here because I live in the province, but the difficulties of managing properties under the current regulatory and economic framework have led me to plan for selling my properties within the next few years, once market conditions stabilize.
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19 November 2024 | 3 replies
1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment.
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21 November 2024 | 14 replies
They typically have soil scientists in-house that can analyze the soil for you and provide you with a detailed report of the conditions and give you recommendations on how to prepare the soil for construction.
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18 November 2024 | 1 reply
I own two properties and looking to new deals.As everyone knows, the current market on MLS is very competitive and then I am looking to a property through foreclosure.comhttps://www.foreclosure.com/I don't know who to contact because the agent contact information is not listed on the websiteIf someone knows how to contact the property and start showing, please share with me how to make showing appointment.Leo