Be very careful who you take advice from online, you should get involved with a local attorney and a local realtor.

You will not be able to get a Conventional (Fannie/Freddie) loan with the LLC holding title.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

I had one investment in a syndication that would have been a total loss however the sponsor made good and repaid principal . so 3 year no return.. which is just fine by me personally I am not one who goes crazy if the return is lower or does not happen to me its principal i care about.. 

I wonder if Mitch was able to get his refi done before a NOD was filed and or late payments were put on the orginal sellers credit report.. this is the real risk to the seller if they value their fico score at all.. on some of this stuff the sellers credit is already trashed and they dont care.. but if folks buy from someone that does care holy cow when they get the NOD notice its right to the attorney.. 

I called back again and asked for the Supervisor and 2 weeks later still no call.Based upon my experience, I would strongly urge anyone to be very careful doing business with Ron LeGrand or Financial Freedom.

@Marcus Stokes Starting your first fix-and-flip can be exciting but requires careful planning.

I will be on the sessions for Momentum, as well as attending the PassivePockets convention and BPCON myself so maybe we will cross paths.

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

Hi Malcolm, With your strategy of holding multi-family properties or flipping, the key is running the numbers carefully to match your goals.