Hunter Preston
Refi into LLC and purchase ownership shares
15 July 2016 | 0 replies
I am wondering if anyone has tried this or if lenders will agree to this sort of arrangement:1) Seller transfers property into LLC and refinances property at 75% LTV2) Seller "sells" 75% of LLC to buyer (me) and I assume 100% of the commercial loan (75% LTV)3) Seller is able to pull out equity after refi to get paid4) Seller retains 25% equity of property and 25% of cashflow each month5) Optional arrangement in contract to specify buyout of remaining equity by predetermined time
RJ Bates III
Bank to Refinance
27 December 2017 | 17 replies
If you go to the bank and have all your numbers like stated above AND a predetermined amount and a plan to make sure the deal has a reserve, the bank is going to feel much better about getting paid.
David Wilkes
Family Loan w/ Single-Member LLC Question
30 November 2016 | 4 replies
: Provide him with the loan via cash on my LLC's balance sheet, i.e. a loan receivable on my balance sheet with loan documents coming on behalf of my company and record the interest income each tax year on From 1040 Schedule C; orProvide him with a personal loan via my own personal bank account, i.e. a loan receivable directly to me (not my LLC) and loan documents that require monthly payments to me (again, not my LLC) over a pre-determined loan term / amortization schedule, and keep track of interest income as it comes in for each tax yearI totally hold harmless anyone that provides "insight" and know that I should consult with legal / accounting experts to get a binding answer, but can anyone throw me a bone with their thoughts / views on what would be most intelligent from a tax perspective?
Art Maydan
9 Month Lease With Good Prospect vs. Longer Term
2 November 2016 | 5 replies
Most landlords would be looking to find a tenant 60 days out and would be prepared to wait a considerable time to find the right tenant.I would reject your 9 month applicant and continue to look for someone that does not have a predetermined length of stay in mind.
Jefson Louis
Can I
24 September 2016 | 4 replies
There are some cases where wholesalers will bring buyers to agents but those are special/ predetermined relationships.
Susie C.
1st Remodel - Questions about General Contractors
13 February 2017 | 7 replies
We have a predetermined pay schedule as long as the timelines are being kept up with the contract.2.)
Carastin Snodgrass
General knowledge Help
13 December 2016 | 1 reply
Lenders will typically pay out in predetermined phases after certain parts of the construction have been completed and inspected.
Steve S.
NOO (non-owner occupied) HELOCS
1 January 2017 | 4 replies
In looking at them, it looks like PenFed pays the closing costs as long as the member (the borrower, i.e. me) doesn't pay off the loan in < 24 months.Also, there's this - since the loans are variable APR, there's a pre-determined floor, but the max could go AS HIGH AS 18%!!!
Judith Ruiz-Marin
What is your Rent to Own Strategy?
12 October 2016 | 7 replies
We would at some point have to sign an agreement for all of this that would have a "buy out" date pre-determined.
Naba Tumurbaatar
Looking for Lender for my first rehab
16 October 2016 | 11 replies
For both primary and investment loan they also wrap in the mortgage payment for a predetermined length of time, so if your fix and flip will take 6 months you will not have to make mortgage payments during that time period.