There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Move on to find another deal. 

Let’s share our best practices and help each other succeed!

Find the right deal and take action sooner rather than later.  

We have full-time boots on the ground in each market, and have a team centralized at our HQ in Texas as well.If you're interested in speaking with some of our current clients, I'm happy to make an introduction.We've historically worked with Aleka in several capacities (as a client of her's while she was with Acorn and Oak and then as our BIC) and our experience with her was always great.Thanks!

My advice is to get other quotes and possibly pull the loan from that bank before it costs you too much money.Feel free to reach out via message or email I would be happy to help and take a look at your LE and go over why they reduced LTV and if you can get back to 75% or 80%.

You say  a”Wholesale brokerage”, I can’t imagine how deals would be structured in CA to be legal as “Wholesale deals”

A good lender will jump through hoops to assure a seller/listing agent that the deals going to close, not create barriers to that information.

By staying open-minded and willing to learn, investors can avoid costly mistakes and build a solid foundation for their future.In real estate, emotions can cloud judgment, leading to impulsive decisions.

They typically communicate that they will be late and do end up paying the full rent plus the late fee by the end of each month.Unfortunately, we've reached a point this month where they submitted a partial payment at the beginning of the month and have now become unresponsive and have not paid the monthly balance.