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Results (10,000+)
Mahender Bist Where to form LLC for legal protection - Business in AL, Living in CA
4 December 2024 | 18 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
Jason S. Flat Broke and No Funds...What to do???
11 December 2024 | 68 replies
It is absolutely possible to not have your own money in if you have a proven record or can some other way prove that you can make your money partner an amount that is worth their risk.
Justin Kennedy Anyone heard of 51 west Properties based out of Miami?
5 December 2024 | 25 replies
Based in Miami, FL, they have a strong track record of successfully completing projects.
Michael L. Heloc on a primary
30 November 2024 | 6 replies
The only caution was they had to wait for the sale to be recorded so the county could tell them I really did own the property.
Christine Aledam Time to find a new Accountant?
3 December 2024 | 21 replies
That being said I keep all the records for each property separately and have separate checking accounts for each.
Joe S. Rethinking some of Dave Ramsey‘s teaching
2 December 2024 | 5 replies
That is why the acronym BRRRR is so popular and it has a track record of winning because inside that BRRRR is a metric that can be measured and replicated.
Inderpreet Singh Transfer to LLC [Prevent Liability] without "Due on Sale Clause"
28 November 2024 | 5 replies
Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2.
Sam Lewis Why would hard money lenders trust someone they don't know?
2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
Travis Boyd New Everett, WA based rental investor with buy and hold strategy
27 November 2024 | 6 replies
That is a great first post and also an awesome world record.
Joseph Pytcher Starting a HML Company here in DFW - Seeking Advice
5 December 2024 | 15 replies
They offer competitive terms and have a robust track record, but you may find their rates and points can vary based on the specifics of the deal.Roc Capital: They focus on fix-and-flip loans with favorable LTVs, and they’re known for quick underwriting.