I also record every charge in my check registers as a debit so when I do pay the balance it as already been ‘deducted’ from my checking account balance.

If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.

The LLC in this case is more just asset protection and not having your direct name listed on the county tax record.

Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

Can you go ahead and change that (think address of record for LLCs or bills for other properties).Make sure any HOA and the local government allows for your home as an MTR.1 last point to add to Jamie's first point: if you can, take a video tour of the home and what you're leaving behind.

Hello Everyone,Just a quick update here:January 12 - Received my recorded Deed and Owner's Title Insurance Policy via email.

If we are checking property tax records, should we not buy a home where different LLCs (investors) have owned it and sold it every 2 to 3 years?

I can tell you if you need to follow the telephone recording requirements for note collections and having a collections activity log but I can't just answer how do I learn.......at east beyond what I've mentioned.

I took a 3rd loan of $45,000 from a family member on a 36 month non-recorded loan to help with the down payment costs.

Ensure your records include details of any hired help and the tasks they performed.