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17 September 2024 | 6 replies
Some banks, however, will allow you to do a "transfer of ownership" to move the property back into your personal name when refinancing, but it could involve additional costs and paperwork.Hybrid Approach:Some investors choose to buy property in their personal name, refinance with the bank for better terms, and then transfer ownership to an LLC after the refinance.
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19 September 2024 | 44 replies
If your market is appreciating and you still can handle the work involved, I would hold on and rework the property if needed.
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17 September 2024 | 11 replies
However,Working with a good attorney will make the process easier but having a good administrative structure will be critical because there are a number of steps must be followed for compliance...which makes the SERIES LLC a little more involved in setting up your standard entity.Happy to discuss further.
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18 September 2024 | 19 replies
Two groups of attorneys we use for evictions and similar matters are surprisingly unfamiliar with Rhino and I am not aware of any case law involving Rhino or other security deposit insurance.
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17 September 2024 | 2 replies
Mezzanine Debt typically has a maturity date and involves contractual interest payments, which may be a mix of current and deferred payments.
16 September 2024 | 1 reply
Bc of this seems like a lot of risk is involved and no one seems to be talking about it.
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18 September 2024 | 21 replies
However they had to have the laws changed in order to operate, which only happened because of a specific set of circumstances involving a huge flood and the owner being friendly with the mayor.
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16 September 2024 | 5 replies
It’s wise to involve an experienced attorney.7.
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16 September 2024 | 4 replies
You may be better served fixing your credit rather than involving an equity partner at this early stage of your investing career.
16 September 2024 | 6 replies
However, this might involve significant upfront costs and logistical challenges.