By reducing the interest rate, you can create a larger arbitrage for yourself which is also good.I would also agree with others that you need to shop this loan and get a better rate and or lower fees.

Target people who are having financial chaos of any sort 31.

Bill Gulley I like that idea, but wouldn't that potentially create a situation where the minority partner would end up with a much larger percent of their income subject to SE tax.

But that ratio number isn't used by the lender at all as some sort of qualifier.The qualifier I think you're referring to is debt to income.

and should I get some sort of contract as well with lawyer?

And if the property is owned by the LLC and the insurance is in the LLC's name, I'd still want some sort of umbrella or other coverage to protect me personally in the event that there was some exposure above, beyond or around the LLC policy.

I do know that she's looking to make updates to her larger apartment complexes so perhaps she's looking for the cash to make that happen, but we'll see!

Who cares, your can sort out the legal status later, the goal is the lead.

The records show a grantor and grantee.The grantor is the deceased and a "IND ADMIN" or "IND EXEC" which I am guessing means independent administrator or executor.The grantee seem to be relatives of some sort, as they usually have the same last name.Also, sometimes, it shows a consideration amount.

Though in reality there probably will never be a better time for you to sell, unless there houses on the other side of yours that you could be packaged together for a larger lot to sell down the road, and then the property owners would need to be agreeable and all of you work together to list them and sell as a package.