Hey guys,I was just wondering if has gone through the process of a bank calling a loan due on a subject to closing?

Final bid was $5,500, and I figure the total taxes owed are around $5,000 including court fees and interest.I'm kicking myself because, in hindsight, I see I didn't completely understand the process.

My question is, in this structure, what is the actual mechanism to account for cash flowing between the property management LLC and the holding LLC's?  

I couldn't ever seem to plan or structure a deal where hard money made since to me.

You'll still need to personally guarantee the loan and you as the borrower will be evaluated, but the property will be titled to your LLC. many people do exactly what you mentioned and form the LLC right before starting the process, so there's no issue there.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.

I don't know the best process to finding good residential home purchase opportunities in my local area aside from MLS.

Through that process he held off on filling the units.

Hello,I am currently in the process of creating finance, accounting, and workflow automation solutions for real estate investors.

@Darren Eady thanks man, I'm certainly beginning to learn that there are a number of different ways to go about this process.