Their choices are: 1) Take you to court, which if they didn't follow their own management contract, won't work out for them.2) Try to put a lien on your property, which you could sue them for damages and attorney fees.They sound very incompetent if they did work without your approval AND without upfront funds from you.

You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

Hey everyone, does anyone have any info on whether or not you can assign a property that you put under contract at auction?

Our acquisitions person is walking properties and making offers, our project manager creates the product, my partner does dispo and I go get investors.

Together, this structure will protect you personally from lawsuits, as well as keeping your investment properties isolated should legal problems come up down the road.

DM me for the person I worked with. 

You are probably in a contract and need to abide by that contract.

And then move into price points that meet or exceed the median price points for a given MSA  look for good schools etc. and do not buy in Gary at all is my personal view on this..

I can buy it.My personal Facebook page also says how we are always looking to help others with real estate issues.

You can't cater to investors and also help the seller who is the person you are contacting first and placing their house "under contract" for you to buy, or in small print, assign.