Up until now I've been printing the entire addendum, signing & initialing and then scanning the entire thing back into the computer to send back to the bank.I would gladly use a product like Cute PDF if I could scan and insert a single signature page, but the addendums I've seen also require you to initial every page and sign in multiple places, so that won't work.I was looking into the option of a digital signature and digital initials, but according to this article many banks won't accept those.

Nevada is a VERY good state for business entities - but then again, if you have business entities that own real estate, it is usually best to have the business entity formed in the state in which the real estate is located.Anyway - A Series LLC is a way to form "multiple" LLCs under a "parent" LLC, yet it is still only ONE business entity for state law purposes.

The multiple listing service has some info, but not a lot.

With labels, you can find people based on one or multiple markets they focus on, the various "occupations" they may have (eg. investors who are also commercial brokers), based on their experience, and so on.For example:I want to network with investors who operate in the Los Angeles and San Diego markets, who are landlords and who have flipped at least 3 homes, you can now do that on our FIND MEMBERS page using filters.Since the filters are brand new it will take a little bit for the data to get populated, but we will be adding new labels in the near future that will allow us to all better identify ourselves for potential partners and colleagues.I hope that helps.

This lets you leverage your capital to do more deals.The refi for most investors is to get the lower rate locked in and get some cash back to invest again.If you run out of cash or have "trapped equity" and little cash left then you have to partner with other investors to do deals.I have seen it work sometimes but generally it is a mess unless you can do multiple deals with one partner instead of partnering with one investor for this project and another one for the next.The problem with partners is down the road they get different reasons for selling or exiting the property early.I don't see the refinance bank loaning up to 100% of current value and letting you pull out the 30% and get it back.What many investors do is take on a property with maintenance and vacancy issues using hard money.Fix the problems and then create a higher value for the property.In commercial the weight is given to the income approach.So if you had 50 unit building.Units rent for 500 a month but are 50% occupied.So currently 150,000 gross income yearly.Value roughly at a 10 cap at 750,000 going in.You get for 600,000 and put 150,000 in repairs fixing problems.Total funds needed is 750,000.HML says they will fund 525,000 and you put down 225,000.You work hard and get occupancy up over 6 months to 90%.270,000 gross rents with NOI around 135,000.New value at a 10 cap for refi is 1,350,000.Refi at 75% LTV would be 1,012,500.You get 262,500 back and then your original 225,000 you put down based on the new value.I hope I am making sense.

You may have to seek out privtae money lenders (perhaps IRA owners) or perhaps find a local bank whom you will likely need to start doing business with and then request a portfolio loan where you can lump multiple properties into one loan package.Yes, you should be hunting for long term funding now rather than later.

I'll have to do a better job of pointing this out in the lease or maybe add a 1 page 'Rules of Engagement': A straight forward, no bs, bullet pointed list of expectations of tenant.

Instead they just want to get the pain over with as quickly as possible.You also have to find a bank that is motivated and doesn't want the property (shopped) listed by the seller to fully expose multiple offers and compete with other investors.This is why many people wholesale.They make a few k on a marginal deal and let other investors take the high risk.Then they only buy when they get a really good deal for themselves.I would say "Do not get emotionally attached to this deal and overpay because you wanted to BUY SOMETHING" Instead just treat it as a property and if someone overpays for your goals then move on to the next.Remember it is easy to build a crap portfolio with marginal returns.It is much,much harder to build long term quality properties at a great price that will create generational wealth for the your family.

Day 37 - I send out highest and best multiple offers, and get 6 more offers in.Day 40 - I get a cash offer under contract, and bank approves the contract price.

Nobody seems to really know.I have seen that banks seem to be pricing REOs low enough they generate multiple bids.