Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
Also, get all personal info (DOB, SSN) from the seller in case needed when talking to lenders, lienholders, etc.
Brittany Kelly
How to put long term rentals into LLC
10 February 2025 | 2 replies
Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.
Anthony Jackson
Norada Capital Management Promissory note investment
5 February 2025 | 38 replies
Bloody oath I do mate.It's never their fault and always yours (Ours).They rarely take any responsibility and cry victim.It's crazy to think but it's like many intentionally look for drama and deep down inside don't want success but rather problems.Someone to dislike and blame and to feel wronged by.All other personal and "at home" issues can now be blamed on this one unfortunate scenario.This "drama" per se is like food for the hungry and they need such drama in life to "survive".My apologies if my above comments sound weird as they are more so from a philosophical standpoint and just some thoughts that I have considered after 5,000+ investor intro calls and as you have mentioned, others feeling wronged by me or my company on many occasions.What a $#@% way to live IMO but I don't judge and sleep in peace.Again, I have been "wronged" by many but consider it my own fault.I also don't call them out publicly or post bad reviews, etc...
Anne Christensen
DO I need a wyoming trust?
6 February 2025 | 19 replies
The person calling you is on a money grab. you do not need a wyoming trust.
Angelous Ultionem
FHA loan questions
3 February 2025 | 2 replies
I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.
Holly Thorsen
Lending question re: HELOC/loan options
4 February 2025 | 6 replies
Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success!
Bradley Buxton
What are the scariest things about real estate investing?
5 January 2025 | 24 replies
.: Quote from @Mike Dymski: Government actions are unpredictable and scare me the most.
Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
Its the action of Alienation of title that creates the ability of the lender to accelerate.
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
8 February 2025 | 13 replies
NOTE: an aggressive attorney can still track you down.LEGAL PROTECTION: By placing your assets in an LLC, you legally separate them from your personal assets.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
Uptick in action in the secondary mortgage markets I suppose?