If you are only looking to create a trust to avoid probate, you could probably hire an attorney to make a revocable trust.

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

Keeping the good relationship with her and thus your grandkids is more important that the rest of it so make sure you are prepared to give and sacrifice money if and when it is required and have certain things agreed up and in writing up front.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

You can use your HELOC for down payment to acquire the property instead. paying all cash for this property so no DP required.

Each of these asset classes requires a deep understanding of market conditions, legal nuances, and financial structuring to avoid costly mistakes.For example, tax liens can seem like easy wins but come with complications such as redemption periods and legal challenges.

Traditional bank loans can be slow and have strict requirements, while hard money and private lending seem to offer more flexibility.For those who’ve secured funding before, what’s been your experience?

Gains within this account are tax-free if rules are followed, but avoid prohibited transactions to maintain account integrity.

This is a screenshot from a private Facebook group for tax professionals. The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED. And this does not even ...