I reread the credit form a month ago and there is nothing that would prohibit us from marketing the property -- or even enter into a contract.

Do you have access to the pro forma data, or the seller's actual income/expense?

Makes no difference what the laws are in NV, if you form a NV entity and flip homes with it in CA, you lose the liability protection it offers and you can count on CA coming for you for their end.Unless you register your entity as a foreign entity in the state you are flipping (which defeats the prupose anyways - just form there to start), you lose out.

For example, in California, fractionalized notes are more common than in my state, North Carolina, because your average deal size is larger and thus requires larger amounts of capital.Typically, the next steps for a hard money lender will be to form a mortgage fund through a private placement, and that fund will raise capital through either an equity or a debt structure (there are many ways you can set up a fund).

Sounds like pro forma in a D area/property.

They normally request a Lead Disclosure form, a W-9 showing ss# or federal id no for corp or LLC and an addendum to the Lease showing the split monthly of their contribution and tenant's monthly responsibility.

@Frankie WoodsA 401k participant loan can generally be processed form a full-time employer plan within 3 to 5 business days.

., the beauty of being conservative with your pro forma numbers is that it likely WILL cash flow positively!

I don't have experience with multi-family, but you should be asking for a pro forma and then checking the numbers that are provided with what you have worked up from your end to make sure that numbers aren't being fudged or anything like that.

116 purchase price They eat 2 percent for closing costs 2300130k assessed18.5 coc roi9 pro forma cap10.2 cap29960 of my cash included is closing and repairs1500 for rent749 mortgage taxes insc7 vacancy5 cap5 maintenance.