Got a good group together in Connecticut. " style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 888px;">Update time on previous threads, mainly as accountability for all y'all CT real estate folks.

Normally I increase the interest rate to account for the added cost of PMI, but it would be nice to have that feature built into the calculator.Regarding updating product offerings at BP, I think they are pretty good about accepting feedback.

So, this means that the investors who have a credit score of 600 or higher are normally approved for hard money loans.

I am looking more for guidance around how we could structure the deal and what percentage of profit is considered "normal" or "fair".  

I believe there's a balance between looking at percentages, which normalizes data, and absolute dollars.

I always like to add a first right of refusal clause in there, so if the note holder/property owner wants to sell the mortgage at a discount in the future, they must first offer the discounted price to you to pay off in full.From there, you'll want to close with a title company as normal, getting all of the proper insurance, etc assuming its marketable through a warranty deed. 

We think that's way too much and are refusing to pay it.Is that a normal price in the commercial loan servicing world?

It is pure gambling at that point at the cost of your money. 

That being said, there are clients of mine who own hundreds of properties and they like to put 2-3 properties in an LLC as 2-3 properties are a small percentage of the total properties in their portfolio.The land trust structure could have different benefits in other states, but we normally do not advise clients to use a land trust and an LLC in Ohio, except in the case where our estate planning team advises clients to form and hold assets, including membership interests, in trusts for estate planning purposes.

That would normally be done within a LLC.