Would love to get some advice on this because my guy at Equity Trust really couldn't answer it.

hello all, i must say i have to agree with the rest of the crowd here, but i also must say i agree with your concerns jeff88the lawyer i'm thinking about using charges $320 per hour, so you can just imagine how that fee can add up when drafting and reviewing contracts, especially with me because i'm focused on commercial real estate investing (were everything is in more detail and etc)so i guess you have to find a lawyer that you can trust and that will agree to do certain task like contract review and etc for a set price, so that way you'll know what your getting into (well what the final price will be). because the worst thing is get some huge bill for something that you know probably only took the lawyer an hour to do, but they jack the bill up to get paid more.

I basically got ripped off by someone I trusted.

That way it will come from a trusted source and will have more chances of conversion.

AC, 10 properties is a good number of properties to already have rehabbed.....this is a great market to pick up properties extremely cheap and to hold onto them for the next several years.

`(q) GNMA Commitment Authority- `(1) GUARANTEES- The Secretary shall take such actions as may be necessary to ensure that securities based on and backed by a trust or pool composed of mortgages insured under this section are available to be guaranteed by the Government National Mortgage Association as to the timely payment of principal and interest.`(2) GUARANTEE AUTHORITY- To carry out the purposes of section 306 of the National Housing Act (12 U.S.C.

If I were to do something like this, what should I be aware of and what pitfalls should I look for.What he's looking for:Investments in the 30K-40K range (you're welcome to invest more if you like)12-18 month term What he's offering:13%-14% returnPaid out monthly Here are the highlights: -Business is a boutique lender looking to expand capital-Provides short term loans to builders, both commercial and residential-Long track record of success -12-18 month term-Offering 13-14% annual return, paid monthly-Your money would be held in a real estate attorney's trust

I need to do something w/ my properties...I have been buying one house every 3 months or so over the last year and I now own 6 properties including my own primary house...I know I need to put them into either an LLC or separate Land Trusts...Im leaning towards the individual trusts for each property but what I dont like is how I cant mix the funds from each property as I currently do...Is there any way around this?

I record a deed of trust (like a mortgage) to show the world I have an option on the house.

I always put down large deposits on REOs, and while I still have the 7-day inspection period clause (I don't yet trust my judgement without an inspection), I think the large deposit has helped me get properties that I otherwise wouldn't have.