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4 January 2019 | 4 replies
After the couple moved in, a truck from a private water company arrived to fill their tank.
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6 January 2019 | 4 replies
Hey Daniel, I have access to private money, but doing a deal in that time frame is going to be hard.You could try a no doc loan, they are great for business owners or people in your situation.
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3 January 2019 | 0 replies
I used private money to finance the deal.
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3 January 2019 | 5 replies
@Tim Johnson Please private message if you would like.
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10 January 2019 | 4 replies
Thanks @Ashish Acharya and @Michael Plaks for the answers.I should have been more specific in my initial post.I own my home free and clear, so the new cash out mortgage will be 100% for the LLC.Also the LLC is a multi-members, so it is not a disregarded entity.Can I make a private note to have the LLC assume the mortgage directly, even if technicaly my lender does not allow it?
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14 January 2019 | 14 replies
Sorry, I'll keep those private on here.
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3 January 2019 | 0 replies
Any privately owned homes on the market were priced too high.
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3 January 2019 | 0 replies
Any privately owned homes on the market were priced too high.
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4 January 2019 | 5 replies
Hope this helps.Partner 150% OwnershipSelect ProjectAgree to Price of Offer and Other Conditions Submit Offer to BrokerAgree to Rehab Plan and Schedule Prepare Funding Opportunity Document Solicit Investors for FundingCoordinate Funding for the ProjectCoordinate Documents with Attorney for Funding Coordinate with Attorney Closing Dates and Fees Coordinate with Real Estate Broker on DetailsSecure Property Insurance and have Utilities Activated Secure Bank Account to Pay BillsPayments over $500 Require Approval of Both Owners Prepare On-Line Advertising for Property Available for Rent Upon Selection of Tenant Run Criminal and Credit Check Agree to Rent Amount and Security DepositProvide Updates to our Private Investors as to Progress of Project and Coordinate with the Bank on the RefinanceRequest Appraisal as soon as PracticalProvide Personal/Business Credit to Secure Refinance Close on Refinance Within Scheduled TimeExit StrategyPartner 2 50% OwnershipSelect ProjectsAgree to Price of Offer and Other Conditions Develop Plan for RehabDevelop Construction Schedule Develop Budget for Rehab Coordinate with Outside Contractors Initiate and Complete RehabLabor will be at cost as part of Participation to Operating Agreement Agree to Terms on Funding Conditions i.e., Interest Rate etcCoordinate Permits if Applicable with Government EntitySchedule Inspections and Remedy ComplianceSecure Certificate of Occupancy or Final Inspection Approval Both Members will Agree to Pay BillsPayments over $500 Require Approval of Both Owners Coordinate Showing Property to Prospective Tenants Select Prospective Tenants and Recommend to Member Agree to Rent Amount and Security DepositClean Up Property for TenantProvide Property Management and Maintenance Provide Personal/Business Credit to Secure Financing Exit Strategy