The rules and costs for setting up an LLC differ in each state, so you may want to do a little research in your state before proceeding.I just set one up in NJ and it took only a few minutes on the internet and cost a little more than $200.Since the LLC has no history, we are purchasing the property as individuals and then transfering it as an asset to the LLC immediately after closing, or at the closing.

The asset manager is most likely sitting on your offer to see if any more come in.

I have heard of buying them from investors.To learn more about notes, I personally would click on the search function at the top of the page and search by author for all of Allnotes posts.

You have assets.

If you have above 680 + credit score, Quicken can do a NO DOC stated loan w 100% financing; no down; no income verification; and no assets.

What we do If a borrower has a viable transaction (eg. commodity deal) with an Exit and/or has a Project/Asset (eg.

Pre-approval means sharing your income and asset information in addition to your credit and having their underwriter review that info even though you don't yet have a home picked out.#3 - don't buy property with other people, especially friends, co-workers, etc.

If you are going to be a successful businessman then you need two things among others:1) the ability to plan out how you are going to conduct your business2) the financial discipline to manage and grow your assets while limiting your liabilities.In this particular business (real estate investing) our two biggest assets are our credit and our cash on hand (followed very closely by our own personal education/knowledge).

Second, if you know of a transaction where the property was appraised lower or higher than the value and this was done on purpose both the lender and the appraiser should be turned into the authorities.

You will need either a bridge (if you intend to securtize it by using other assets as collateral) or a blanket (if you intend to purchase a pool of properties) loan.Fees and rates differ from lender to lender; you can expect:a.