Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.

You're looking at $500,000 in ordinary income from those §1245 assets."

I will add that Ko has been an asset to many of my clients.

Now I question if I will be able to obtain fire insurance.  

Encourages Larger Investments: By offering higher returns at higher tiers, you incentivize investors to allocate more capital to your projects.Builds Long-Term Relationships: Investors appreciate being rewarded for deeper commitments, which helps foster trust and repeat business.Scales with Your Business: This structure can align with the complexity or scale of your projects, ensuring that you have the resources you need while staying competitive in the market.Key Benefits to InvestorsSecurity: Deals can be secured by tangible assets, such as a deed of trust or promissory note, providing peace of mind.Flexibility: Payments can be structured to suit the investor’s needs—monthly, quarterly, or upon project completion.Attractive Returns: With returns starting at 15%, investors often see better yields than traditional investment vehicles, like stocks or mutual funds.How We’ve Implemented ThisThis structure works particularly well for our large renovation or development projects where multiple investors may be involved.

Did anyone have any success obtaining a NOO HELOC under LLC recently now that the market is better for the lenders?

Keep in mind banks still pool forclosed assets together and sell them all together as a group to one company.  

If your asset is older and/or smaller, you may have better luck with local community banks or credit unions.

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

Best of luck to all of you in your asset building jouneys.Andy