My name is Louis Bergman and I'm based in the Sunshine State.Feel free to check my profile for more details.Together with my son and his wife we run Hawthorn Enterprises LLC, which does Commercial Money Brokerage with as specialty Multifamily Projects.For practical purposes we do not deal with individuals, as we prefer to work with non-recourse Loan programs.We also buy for our own portfolio, or partner up with other Investors/Developers who want us to commit our financial expertise to their projects for a longer term.We originally started out as "ugly house investors", and fairly soon evolved into the much more rewarding Multifamily playing field.I'm very impressed with the positive way in which biggerpockets has developed itself, and it will be a pleasure to contribute to the membership whenever I can.Thank you for having this great Forum, and I look forward to being an active member.

As someone trying to get started in RE Investing, the last remaining issue that confuses me is the general home inspection, determining what needs work, how much work it needs, and most importantly, how to avoid buying a money pit.

That means the payments are calculated based on a 30 year team, but the remaining amount is due after 10.

This way you would remain personally incontrol of the investment, while still helping your fraternity obtain housing.

You can do a contract-for-deed, but the property will still remain in your name.

The supply curve remained about the same, since ramping up housing production is a slow process.

They would release the lien entirely from the subject property title but it would remain in full against the delinquent taxpayers estate.

For the basis of this conversation I am just going to talk about this property as if it were to remain a 4 unit building.

The LLC might own the property but the borrower on the loan remains the person who signed for the loan.

These are the questions that remain unanswered at the time of a partnership agreement;-How good of a deal is it (will find out after appraisal)-How hard will the renovation be (after it’s done)-How hard will it be to manage (after a renter is placed)This is where the relationship is important.