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6 October 2023 | 9 replies
I would need to look closer at the guidelines to see if just one owner of the LLC is classified as a Foreign National, but I suspect you should be good as you're a citizen...the same would be true for those with a US visa in most instances.
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19 April 2020 | 8 replies
Thanks MikeThe way I think about insurance is that when the value is high enough they will fight to defend a claim where if the value of the policy is low enough they will just pay out leaving the policy holder hanging for any additional claim.
21 May 2015 | 0 replies
If the 1st mortgage is say 60% of the investment, then the property would need to lose 40% of its value before the 1st Lien holders would sustain a loss (assuming the taxes are current).
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27 September 2023 | 8 replies
I've been searching what Visa I need but I need some help.Have there been any brokerages out there that hire agents from Canada to work under their team?
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25 September 2023 | 7 replies
But after the sale, just like if I was selling my house an agent (either a title company or in case of foreclosure a trustee or judge) take the proceeds and distribute it to any outstanding lien holders.
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21 August 2023 | 4 replies
If there is a clause as part of the mortgage/ security agreement that the subject property must be owner occupied, then the lien holder has the right to accelerate the note with the outstanding balance due.
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9 December 2020 | 6 replies
The reason for me is that with a second lien holder if the deal goes bad I have to go through a full foreclosure and there is no opportunity for a deed in lieu, this slows down and mucks up the process of getting the money back to work.
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29 September 2018 | 6 replies
@Scott Krone the reason I say being a lender is safer, even in second position, is that lenders get paid before equity holders at sale time.
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11 March 2019 | 11 replies
What US visa are you currently holding?
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16 May 2023 | 6 replies
The 401(k) holder is not allocated the gains for the portion of the account that is loaned out, unlike in a cash value life insurance policy.Now let’s take a look at a solution to these pitfalls with the traditional route of real estate investing.Given the many disadvantages of the alternate sources of real estate financing, using cash value life insurance tells a different story entirely.