Under Minnesota law, homeowners must be paid at least 82 percent of the fair market value of their former homes (minus certain permitted costs or expenses) if they are not able to stay in their homes following a foreclosure and it has been purchased by someone acting for the benefit of the homeowners.Mortgage Foreclosure Consulting ScamsSome organizations or individuals may represent themselves as counseling agencies, but are actually only out to make a profit off the misfortune of others.

Then it is up to the individual person how many properties they want to put in each LLC. 

If they understand who you are and what you want to do then getting your foot in the door will be easier.I would also encourage you to check out the BP posts about partnerships to leverage your investment capital and place the loans in another individual’s name (that you trust completely) to gain passive income.

I am buying individual properties that must stand or fail on their own merit. 

Lazy, do just enough to get by individuals that will likely stay but be a constant drag on your bottom line. 

I’m looking for like minded individuals to make deals. 

On Line 2: Business Name/disregarded entity name: Write the name of subsidiary/operating LLC On Line 3: I have checked Individual/sole proprietor or single-member LLC.

Also keep in mind that even well-employed individuals can become unemployed in a heartbeat these days. 

I think non-qm (non-qualified loans) are a good option for self-employed individuals and real estate investors.

Scenario - living in a high priced city, looking to invest out of state, an individual has been told that they will be working from home for the foreseeable future, with this, the individual is looking to relocate to a cheaper market but maintain their expensive city income....