You speak of so much, and i have so many questions....What is assignment - why not take the title and handle the costs (closing costs and so on)?

It depends on who you speak to (the leveraged money folks don't like this limitiation)...Regards,Scott MillerOriginally posted by "thebesthouses":Originally posted by "EZLoanz":Taking the LLC approach has one important tradeoff that you should be aware of; access to high LTV loans (a majority of lenders cap lending to LLCs to 80%).

However, the negative side is that even a house that needs 10K in work/updates will sell for the FMV or slightly below as well.

Whenever I tell a Realtor what I want, the so called "deals" they find are at market value...of if they're below, the price of the repairs will take it up to or past market value...hence, no profit.If I have them find me a rental, they always show me a negative or barely break even situation, and I have to explain that I'm looking for 1.5-2 percent of the sales price gross monthly income.

:wink: Have you had positive, negative, or mixed experiences with realtors?

I cannot speak towards the question about ZipRealty or other discounters, as I have not worked with any of them.

I can give 20 minutes of ANY Day 2 returning phone calls4"damage control" or whatever...then go back 2 vacationing w/o the worry of "what's happening w/blah,blah,blah, & have a BETTER time Relaxing...that's just me.Hoping I planted a seed that will help the neighborhood & rehabbers(&U of course) prosper in Your future;& in finality(absolutely SHAMELESS Plug here) When(not if) the borrower calls up so excited they can barely speak that just found 750 acres for $25M that they can develop into 1 acre lots for $75k per lot, they just don't have the 20% down & 3-5 million 4 infrastructure & marketing....call me, 24/7/365.

When Ford a one dollar of tax liability, they send in that amount or credits, so to speak, so they reduce their tax liability by 30%.

Obviously, the best properties are going to be ones that generate positive cash flow from day one, that cost you no money down, were grossly undervalued in the market, and which you found while nobody else was looking...But, while you quickly reach limits if you're experiencing negative cash flows in property, it may still be a very good idea to buy a property even if it's got negative cash flow.I may be in the minority here, but...I've got other sources of cash which are positive cash flows and here's only so much you can do to reduce that taxable basis.

I am not getting the full story here and would like to speak to you in person in regards to this loan.