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30 March 2024 | 11 replies
It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.
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30 March 2024 | 8 replies
This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.
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30 March 2024 | 16 replies
Al wire has a much higher chance of causing a fire than copper which is why insurance companies don’t like it.
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29 March 2024 | 4 replies
For context, I have a business degree in marketing (not good I know) and work for the biggest single family rental company in the US doing entry level customer service.
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31 March 2024 | 11 replies
I have been inundated by companies offering the next best solution for lead generation.
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29 March 2024 | 1 reply
Michael,There are Insurance companies that will write Dwelling Fire policies for rented 1-4 family homes that are owned by an LLC.
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30 March 2024 | 25 replies
JPMorgan Chase, Nationwide, Honda, L Brands, Huntington, and Amazon are just a few of the many companies that have thousands of jobs in the city.
30 March 2024 | 17 replies
Another sub-manager type are private companies, usually overseeing tax credit rentals similar to Sec 8 but more involved.
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29 March 2024 | 21 replies
No sir I have never posted on Keyglee because they are an acquisitions company.
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29 March 2024 | 1 reply
My loan officer mentioned that the title company had the complete package four days before the closing, and my cash-to-close amount was confirmed three days prior to the closing date.