Leverage can be a beautiful thing in real estate but those mean old bankers are trying to keep you from over-leveraging and putting yourself at risk.

He brought equity and creditMy ground team executed beautifully and we all had a great day.. my ground team partner ON TOP of this made 50k running the projects..

They pay us a fee for doing all the work for them, and as a "correspondent lender" giving them a cleanly packaged beautiful loan that was underwritten according to their own criteria, without them having to spend a dime on marketing, processing, originating, compliance, appraising, or underwriting (many end-lenders are so inefficient that correspondent is a better deal than calling that bank or CU direct).Scenario 3: You somehow got it tied up in contract with a 3 month close!

its beautiful right now isnt it?

Many "flipped" houses that I see look beautiful but many have issues with major mechanical systems (the proverbial "lipstick on a pig"). 

Beautiful house, and so much hard work you did, congrats!

Yes you should saw my last flip that was a war zone for a minute then turned out to be the most beautiful one on the market Tell me little bit about yours

BP Gang,But I am reaching out to my fellow investors to get your input and thoughts on the following scenario:Currently own a 6-unit Apartment complex in San Jose, CA held in an LLC formed in beautiful CAOwn another 6 units across 2 separate properties in Kansas City, MO (KCMO), of which the title is held by myself, my wife, and our partner.KCMO properties have $2mil in liability insurance coverage each, with another $5mil over a blanket policyI tend to agree with the folks on BP who WOULD say, that in this scenario, it's not worth the initial and ongoing costs to establish another LLC for the KCMO properties.

Even if you have a beautiful unit if they have to walk through a mess to get to it you won't be able to rent it at market.

Property #1 is irrelevant at this point...consider it a donation that someone just gave you.These conversations are beautiful.