In the event that I could choose from the owner's credit or the 203k which do you think would make more sense?

A member may resign look to your "events of withdrawl" in your operating agreement, then look to vacancies of members.

Think about the function of an equity contribution vs. debt in the event of any suit, bankruptcy, disolution of the business, incapacitation of a partner and heirs moving in to the company in the evnt of a partners death.

Yes, the holder of any note secured by residential properties will be taking on liabilities, not only that, but certain proceedures under events of default will be required.

Hi everyone, anyone know a common spot where Real Estate Investors and Agents go to network in Miami? I would like to increase my chance of meeting some investors who can be my lender for my first house buy. It's hard...

Even mortgage lenders give favorable considerations to those that may have a bankruptcy due to events beyond the applicant's control, like divorce or medical bills.In the eyes of any regulator type, saying they must pass a credit check is not giving any qualification level to be met.

If you folks sort out an actual meeting, details will need to be posted in the Real Estate Events and Happenings forum.

I am looking for 3 or more acres to build a 40k+ square foot structure which will serve as an events space business.

Here's how I explain this to Buyer's.There are three main things that could cause you to default on the loan (which would likely make it less profitable for the lender).1) You don't pay your taxes, you get a tax lien on your property, you foreclose, the lender loses money.2) You have significant damage to your property, in theory you might not have the cash on hand to fix it (thus insurance), and you can't stay in the property, maybe stop paying your payments, you foreclose, the lender loses money.3) You don't pay your mortgage because of a life event that changes your income (thus why lenders underwrite you with stricter standards than pre 2008), you foreclose, the lender loses money.Even if you can poke some holes in my reasons above, if you're curious why something is a certain way, follow the money.

@Connor Lorio, you can check the meet ups in here: https://www.biggerpockets.com/forums/521-events-and-happeningsOver the past few months, meet ups were mostly on Zoom, but things started to open up