20 September 2020 | 5 replies
Moving Title between your personal name and the LLC (which many residential loan officers advise since they are looking for a way to sell you a loan as opposed to preserving your corporate veil) just looks like co-mingling or using the lLC as your alter ego in my layman's opinion.

10 September 2020 | 9 replies
You will most likely owe more than it's worth out of the box due to the VA funding fee and costs but as long as you don't intend to sell quickly you should be fine and it preserves your cash.Use your cash to invest in other markets and let someone else make that payment for you!

28 September 2020 | 7 replies
I've also considered exploring the possibilities of a condo conversion project, but there is already a lot of new product in the pipeline and I don't see many potential developers wanting to get tangled up with the historic preservation folks.Would it be worth hiring a firm to conduct a feasibility study to use as marketing collateral or is that just a waste of money?

17 September 2020 | 0 replies
I do have the ability to pay cash, which I could provide proof of to provide security to the seller, however the benefit to me would be preserving that cash for another deal.

18 September 2020 | 9 replies
If I'm trying to preserve fiat as much as possible, would you say seller financing is a good option for this?

7 September 2012 | 8 replies
Each state has what they call "personal property disposal" laws.You need to check with your state to see what those are.Years ago when I did residential REO the asset manager would have me check the house to see if anyone was living there after foreclosure.If not the property preservation would come in and rekey the locks.Then they would want you to go in and see if more than 500 dollars worth of stuff was left.I would take the pics for the BPO and they would decide if it was over 500 value.If not they would order their company to trash out the place and not to eviction.If it appeared more than 500 was left even though vacant the attorney for the bank felt like they should do a formal eviction procedure to be protected from bogus claims by the former owner.This was in Georgia.You could call the power company and ask if your tenant has put in a change of service and turn off for the power at your unit or call the post office to see if a forwarding address has been given etc.
20 September 2012 | 11 replies
Hi George,The areas you are talking are mostly driven by appreciation and speculation that values will keep rising.That is a very low cap of 3.5%.I do work with many investors from California,New York etc. wanting to get a higher return than what they can get locally.I have owned businesses before so it is critical when buying a business that you have a proven business model in place with management so that you do not have to be there every single day.If you set up a business as an absentee owner with moderate supervision then you can count that as an investment and not a job.I don't know that you put 800,000 into your dream home.Having the money work for you instead of dead equity especially being able to lock in low interest rates today I would invest as much as I could.Get a loan for that house and put minimum down possible to preserve cash.The Ocean house is nice and I am sure it will appreciate over time but will be dead equity until you refi out or sell.Even on refi they will not let you go to 100% so any appreciation likely you will not be able to refinance because of LTV ratios in the near term.I don't know that you want to be a real estate agent in the typical sense.You would have to define residential versus commercial etc.I would put most of your money to work as I don't think your cap is going to get any lower for resale plus you can invest in markets without rent control where you reap more benefits.

24 December 2012 | 3 replies
Invested in a stable value fund that maintains a stable net asset value for preservation of capital.

13 December 2012 | 11 replies
Regardless, the bank will take measures to preserve the property once it gets the property back, or once the bank notices the borrower is gone.

12 December 2012 | 1 reply
So far so good.Recently I noticed a bunch of properties available that are SINGLE FAMILY HOMES, but with a detached "IN LAW QUARTER" in the back.For example, there is this 2200 SF 3 bedroom 3 bath home in a very nice neighborhood, with a small building in the back which is a 700 SF studio.The main house is a very nice 1930s house, with all original floor and windows, a house in the historic district, all custom and well preserved.