
24 February 2018 | 16 replies
@Paul DeSilva:@John Leavelle and @Anthony Gayden (above) are both correct.Unless you have more than 10 residential mortgages, or the properties are above the jumbo mortgage limits or you're trying to finance the the properties with the LLC intact, then they should qualify for conventional residential FNMA loans.For the LLC situation: my strategy is to close the loan under my personal name (no LLC), then after a few months of "seasoning" to establish on-time payment, notify the lender that I plan to drop the property into an LLC strictly for asset protection purposes.Many seasoned pros will tell you that you don't even have to notify the lender that you plan to do so, but will warn that doing so runs the ever-so-slight risk that they may actually call the entire loan due immediately.

18 April 2018 | 8 replies
For now, we are planning to do the property management and looking for a low cost or free software solution to handle the property management.

23 February 2018 | 26 replies
@Kim Herrick Ask yourself if it's a good asset with good long term cash flow and returns.

24 February 2018 | 16 replies
Does the insurance for the corresponding property protect my personal assets?

21 February 2018 | 4 replies
You will place the property in service, once it is ready to be rented. ( rehabbed and advertised) 2) About which year to capitalize, you capitalize whatever you have spent in 2017, and it flows through your balance sheet as an Asset.

24 December 2020 | 31 replies
(I flip around 25-30 SFH a year) I’ve been making these ppl crazy, steady returns (~30% annual) which I think has actually spoiled them so I would need to probably go after the paper asset/Wall St investors for a syndication anyway.....
24 March 2018 | 4 replies
Just got my real estate broker license and setting up the foundation to the broker and want to get everything set up properly via necessary online software/programs.
22 February 2018 | 16 replies
If a borrower is in bankruptcy, the foreclosure sale isn't going to happen until/unless the trustee approves the sale of the home or abandons the home as an asset of the bankruptcy court.

22 February 2018 | 3 replies
Hey guys, i'm wondering if anyone can recommend a user-friendly construction software that makes it easy to schedule and maintain sequencing of events for your typical single-family construction project?

22 February 2018 | 7 replies
Typically 65-70%But no, no "professional" asset based lender will go into 2nd position.