Hey all, my name is Carlos Ramirez and I'm an investor from the Los Angeles area.After years of curiosity in real estate investing, and after attending a well known guru seminar here in LA, I mentioned to a seasoned investor friend of mine that my wife Elizabeth and I had recently made the decision to jump in feet first and get into investing no holds barred.

LOC - obviously if the balance is $0 - no interest is accrued....you might have a yearly maintenance fee of some sort, however this would be a minimal expense IMO.I think it would require some phone/face time to find a bank willing to do such a deal on a commercial property, however I'm certain one is out there.  

Some states REQUIRE that when they are returned, the tenant gets the accrued interest[*].

I can see the importance of RE License from this perspective and the opportunities that could accrue.

Curiosity question - do you wholesale properties in Calgary?

What's the cash flow with this analysis and your debt service out of curiosity? 

When the clients have insurance coverage, we send our legal bills directly to the insurance company, and when it's time to settle a lawsuit, we almost always based the number on the amount of coverage.My husband and I have also discussed forming an LLC for our rentals, but we've decided to wait until we accrue more units and bring in more rental income... as advised by your accountant.

. - Typical APR on is 10-11%- Average Project Time is 1.5-2 Months- Average Time on the Market Until Sold (via retail/FMLS) is 1.5-2 Months- Average Capital Needed Per Project is 150K- Can use Cash or Self Directed IRA and can roll funds over from one project to the next to yield a full year or more of accrued interest- The property itself is used as collateral and lender is in first lien position

What do you charge in points and interest, out of curiosity?

I’d find it more of a relief since I would want to be monitoring as I’m super attentive to it to make sure overages don’t accrue over time.. but another problem is.. doing this at scale..