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4 August 2024 | 30 replies
Contacting the trustee to give a message to the lender (The foreclosing entity) is the only thing they are going to do but, ultimately, that's a waste of time as well.
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7 August 2024 | 32 replies
Money gets transferred to an entity that you manage and you can use the funds to grow your capital.
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2 August 2024 | 2 replies
Basically.....You invest the $50k-$60k up front for a single-family build or $100k for a duplex build.BTR company creates an entity together to own the asset.BTR company secures lending and builds out the asset over the next 6 months.Once it’s complete, BTR company refinance out and you get your $50k back + 16% at that point (or $100k + 16%)You retain 30% equity in the asset going forward (and therefore 30% of the cash flow or profit upon selling)Exit: 6-7 years once BTR company packages it and sells it to 4.5 Cap rate to Wallstreet.
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2 August 2024 | 19 replies
@Cody L.I agree with the sentiment personally but I have made some serious funds(to me anyway) with clients where this functionality was needed because of some stodgy entity involved (bank, govt office etc) whose policy would only allow them to receive or send information in person, by snail mail, or by fax.
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2 August 2024 | 5 replies
@Jeff StevensonYou really should consult a qualified professional or two, specifically at least attorney.So far, your lender is correct that legal entities, such as LLC's, are not eligble for conforming residential loans.
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1 August 2024 | 7 replies
You want an LLC for ease of administration, trusts are kind of annoying as they can act as their own taxable vehicles as opposed to single-member or pass-through entities that an LLC can provide.
1 August 2024 | 2 replies
An LLC is a pass through entity and it's still a residential property.
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31 July 2024 | 11 replies
The dealbreaker on not being an acceptable option for insurance purposes pretty much made Everseal a non-entity in our market.
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31 July 2024 | 2 replies
Yes there are DSCR 2nd Mortgage options that allow closing in an entity.
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31 July 2024 | 7 replies
A DSCR loan vested in an entity, however, will not.