I've just never run across something like this...maybe I'm just very curious as to why someone would want to be a silent partner...and not be listed as a shareholder....

No LLC or CORP cannot borrow money without giving a personal guarantee don't fall for upfront fees that say to buy my LLC or CORP, and you can get a line of credit or loan with no personal guarantee, which is all BS.

If someone slips and falls, is the lawsuit covered by a liability umbrella policy not shown here?

Most banks are so stupid they will believe anything anyone tells them, and if they fall for that where is the crime.

The earnest money forfeiture doc you signed states the only way investors get their earnest money back is if the loan falls through, they may get half back.

The sky is not falling.

If the bank wins our contract falls through.

If I get the property under contract, I theoretically put my partners under contract as well, and if say, a situation comes up where I needed 68k, and a HML is only willing to contract for 65k, (yes, those are actual numbers in this case) I'm literally having to tell an investor that I need more money, or tell my contractor that I am short on funds to cover extra for purchase funds.Everyone I'm working with is doing me a huge favor based on a solid plan, I don't want to fall short, and literally being off on my numbers by more than 2k puts me in a position that won't look great.I guess it's just time to take this conversation to the HML and find out for myself how much of a guaranteed number I can get...Anyone have suggestions for Oregon lenders?

A dejected Atlanta mayor has said they are on standby if the deal falls through.

Starting off, it's all about the learning experience for us.My family is looking to start investing just south of Raleigh (Clayton, Smithfield, Goldsboro) next fall.