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15 October 2024 | 6 replies
@Chris SeveneyYes I am the borrower and the debt is mine.
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16 October 2024 | 4 replies
@Chris SeveneyThe long-shot play I became aware of; Capital Improvement Project Funding that the city/county have allocated for projects that meet 2 criteria.Have a lifetime greater than 10 yearsCost more than $50,000I believe, even if the water and refuse collection run is only 1000 ft, that may not qualify but to do it "right", that two mile run would allow the entire subdivision to be supplied with services.
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15 October 2024 | 2 replies
@Chris Blackburn Hey Chris, that's pretty standard from what I've seen in my experience, especially if the seller is an institutional client.
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16 October 2024 | 4 replies
@Chris SeveneyI do want to minimize liability considering I intended to have multiple properties under one LLC capped at 10 just because somewhere along the line I was told this is good practice.
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16 October 2024 | 10 replies
@Chris Seveney, that is a consideration as well along with perhaps note investing.
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17 October 2024 | 10 replies
Quote from @Chris Seveney: Quote from @Jonathan Greene: If you are in a relationship and want to invest, there is one thing you must be sure of before you start your journey.You have to be on the same page about real estate investing.Almost every story of a successful investor has a cooperative partnership and agreed view on investing as a couple (and a plan for the kids if they have them).Both parties don't have to have the same level of involvement.
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15 October 2024 | 6 replies
Quote from @Chris Seveney Seveney: Quote from @Rohan Patel: In the middle of buying out partner (50:50 partnership) in a mixed-use owner operated Gas station and real estate property.
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16 October 2024 | 4 replies
@Seth Smith, I can only really echo Chris's comments.
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15 October 2024 | 2 replies
Thanks @Chris Seveney, I thought that was the case.
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16 October 2024 | 22 replies
Quote from @Chris Seveney: I am one of the few people who believe real estate prices will shoot up.