These guys are having fun because there are a lot of scammers and gurus out there selling LLC creation services and Wyoming Trusts and Cook Islands Trusts and if you believe all that b.s. you will end up needing to cash out refinance soon in order to access that equity in order to pay for all their services plus an accountant to keep track of the mess.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.

. - I have been saving ALL of my cashflow into its own account to accumulate to buy the next rental (totaling ~$24,000).

And 1/2 of that is accounting that I could farm out too, but I enjoy it. 

I wonder why he cancelled his account?

You could also add cash to your exchange account to reduce the debt replacement if you wanted. 

There is no stock account that gives the leverage real estate does, at as low interest rate real estate does, at as low risk/ volatility real estate does. 

Hi Jessica, I would suggest getting a propstream or any other lead generation account, finding cash buyers who bought similiar properties to yours in the last 3-6 months in the area of the properties you are looking to sell, skip trace then cold call or cold texting the list. 

The company is in a huge crisis - he said the entire accounting department walked out while he worked there.