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16 February 2018 | 0 replies
Hi,Was offered an opportunity to invest as a Limited Partner in a syndication and I'm looking for a SEC attorney in NJ who could advise me on the PPM offered.If anyone has used someone in the past and can recommend, it would be greatly appreciated.Sincerely, Manuel
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14 January 2019 | 8 replies
Paid off the tax lien 12 minutes before they closed the day of the limit.
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6 October 2018 | 11 replies
But if they are seeking to hold a property for any length of time and want their cash investment back there are some important rules to understand with conventional loan:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of....Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”...WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchaseprice.
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19 February 2018 | 5 replies
LLCs do provide protection, but if you personally manage they are of limited help.
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19 February 2018 | 4 replies
I'm looking to leverage the benefits of house hacking (more leverage, better interest rates), unless it's really wiser to put my limited money in another market in an investor loan.
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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.
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23 February 2018 | 26 replies
Make it clear that they have to pay to stay (even though they really have all the power) and be really firm about holding them accountable to their side of the M2M agreement.
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24 February 2018 | 16 replies
I also go over the speed limit sometimes. :)
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3 March 2018 | 19 replies
Putting an age limits on pets sounds like a good idea but impossible to enforce
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24 December 2020 | 31 replies
If you are considering a 40-50 unit through syndication (using other people's money)...why limit it to 40-50 units?