They will charge for everything that is allowable under the note but I would imply they are inflated, they can not do that and in the process the amounts due under the note do come under scrutiny.

Also, you don't imply that you work in a real estate related business so I'll presume that any investor activity will be part time, or least for now.

so your name should not state or imply that you are a dealer like:Day Trading Real Estate LLCBryan's Buying & Selling Real Estate LLCBryan's Flipping Homes LLC.Another thing that happens is that the nature of your business might change and now the specific name you pick does not apply likeRehabbing Chicago LLCThen you stop rehabbing or stop working in Chicago, once you move to Milwaukee or even Skokie and only do rentals the name Rehabbing Chicago doesn't make sense any more and will confuse people.I'm not as bothered by this one but have seen people that have names that don't quite fit or don't fit yet like:Worldwide Real Estate LLCGlobal Real Estate LLC Transcontinental Real Estate LLCActually met a couple of people with names like those who didn't own any real estate.

Can anyone recommend any books or trainers that provide help on setting up good systems for finding multifamily deals?

Hi ArjunThis is a strategy we use & you need to consult qualified legal advice to set it up....You implied that the properties had equity.Probably from a down pmt to qualify etc for financing & as payments are applied equity builds.So lets assume you buy a place for $100k with $25k down.What we do is write a legit & fully recorded 2nd mortgage to the LLC for the implied equity ($25k down) or if its appraised higher after rehab etc we go for broke, lending everything to the LLC holding title.This mtg is then held by a trust or some other arms length entity as a mtg note can have significant value.

As Bryan implies, hard money can be a double edged sword...it can provide you leverage when you have no other options, but it can also cost you so much that you're actually generating less profit than you would with less leverage (or no leverage).Without more info (length of loan, interest rate, how much cash you have available, etc), it's hard to say whether you are using too little, too much, or the right amount of leverage.

(a) “Broker” means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor, appraises, auctions, sells, exchanges, buys, rents, or offers, attempts or agrees to appraise, auction, or negotiate the sale, exchange, purchase, or rental of business enterprises or business opportunities or any real property or any interest in or concerning the same, including mineral rights or leases, or who advertises or holds out to the public by any oral or printed solicitation or representation that she or he is engaged in the business of appraising, auctioning, buying, selling, exchanging, leasing, or renting business enterprises or business opportunities or real property of others or interests therein, including mineral rights, or who takes any part in the procuring of sellers, purchasers, lessors, or lessees of business enterprises or business opportunities or the real property of another, or leases, or interest therein, including mineral rights, or who directs or assists in the procuring of prospects or in the negotiation or closing of any transaction which does, or is calculated to, result in a sale, exchange, or leasing thereof, and who receives, expects, or is promised any compensation or valuable consideration, directly or indirectly therefor; and all persons who advertise rental property information or lists.

Forced to recant, to then state the buyer "relied on information presented by an agent (yours or theirs) that" "is not true" continues to imply there was some impropriety on either agent's part, when neither have any obligation to investigate further and, with no actual knowledge, nothing to disclose.

I went to a meeting up recently in an effort to gain knowledge and also network.  I show up to a meet up and have a 2 hour workshop with Jerry and Yolanda Torres. Two seemingly very honest and energetic people. In the...

This implies that you already know they have them.