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13 November 2024 | 17 replies
Most who use this strategy are ultimately lying on their loan apps.
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8 November 2024 | 4 replies
Although I am not a legal expert and am not familiar with Michigan state laws, I think a partition could be helpful if it leads to pleading your case in front of a judge who can ultimately decide.
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9 November 2024 | 1 reply
My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.Based on the plethora of experience in these forums, does the above sound like a good plan?
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9 November 2024 | 21 replies
4> Personal Guarantees: Stabilized/ Performing vs Personal creditGoing in all cash on this project, Ultimately want to cash out on the refi, What should personal credit look like (restructuring), Doing the project in my LLC, will my personal credit matter?
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19 November 2024 | 111 replies
Avoiding violence at all costs should always be the ultimate goal.
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8 November 2024 | 6 replies
While I realize that if a person really wants to find out who owns the LLC, they ultimately can with some personal effort or potentially the courts, I didn’t want people to be able to easily look up that information online (ie a simple Google search).
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11 November 2024 | 10 replies
Never heard of that but ultimately its their money and their rules so how do you argue.I did try pushing them to seller finance but they wanted 100k down and I just don't want the property that bad to where I have to tie up my cash for the down payment plus the rehab to add the additional units and fix the place up.
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8 November 2024 | 5 replies
Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.
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6 November 2024 | 18 replies
They are there to help you as you have requested, but it is still your business and you yourself are ultimately accountable for its success or failureLetting your property manager own the property listing on Airbnb is like a head chef letting the dishwasher set the menu at a fancy restaurant.
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12 November 2024 | 17 replies
Our ultimate fear is that we dump $50,000 into this property for a very small return.