Justin Butterfield
Personal to LLC loan transfer
23 April 2019 | 3 replies
Im under the impression that the only thing that changes is the property title and if I'm correct wouldn't that still defeat the purpose of the LLC it the loan it's self is still in my personal name?
Nick Leamon
How Does DTI work within an LLC
25 November 2015 | 7 replies
Best I can tell from previous posts on the site is that if you are having a problem with your DTI ration transfer properties to an "entity"(this is the usual word choice with little insight into what kind of entity the poster is referring to) However, when you dig a little deeper, it seems to be that even if you own property in an LLC if you sign a personal guarantee (which they pretty much always make you do* it all falls to you in individual, and therefore counts against your personal DTI ratio, which at least for this, seems to defeat the purpose.* it seems if you have an LLC with 2 years of tax returns, you can actually have the business get the mortgage, and not have to sign a personal guarantee.
Ron Olivera
Just another newbie flipper
3 December 2015 | 19 replies
It seems pretty clear to me that the only people I’d be selling these lower end houses to would be other investors and my fear is that all I’d really be doing is working for wages in the end which defeats the purpose of taking the risk to begin with (I could be wrong).
Andrea Castor
Ready to really do this in Dayton, OH!
4 February 2016 | 6 replies
It's sometimes defeating to watch these shows on tv in California where the profit margins seem so much larger.
Kodie Altvater
Rehab/gut costs for Baltimore row home
16 August 2017 | 15 replies
I guess the finishes are almost top of the line or something. for row houses, finishes tend to be on lower to mid end or it will defeat the purpose of the row house, i mean, if you put sealed hardwood on a row house, it wouldn't make sense spending too much when arv caps it as a row house. just my thoughts.
Chad K.
Can you wholesale bank owned/REO properties?
9 January 2016 | 19 replies
If you want to sell it for more you'd have to hold it for 3 months which cuts into your profits and in many cases defeats the purpose.
Raymond Sylverne
US MARINE FROM SAN DIEGO, CALIFORNIA
22 September 2015 | 7 replies
Every time I wanted to quit my coach would say "You may encounter many defeats, but you must not be defeated.
Kyle Gregg
Recent burglary under a builders risk policy, who is responsible?
5 October 2015 | 14 replies
A mortgagee’s failure to do so will defeat coverage under the policy.
Pablo Prado
Can owners of LLCs manage their own property?
9 October 2015 | 4 replies
If your LLC does not own the property you defeat the purpose of liability protection.
Adam Bartomeo
Who is more unethical Realtors or used car salesmen?
15 October 2015 | 133 replies
Disclosing material negotiation facts about their client is just wrong and self-defeating I don't get that at all!