I'll bet the closing entity is PAS - their in house subsidiary. hey are way overworked and understaffed!

If I did this, say in a three year period, is it plausible to refinance into a non recourse loan to pull money out tax free yet still keep the income producing property, with lower cash flow of course?

Newbie here and suspicious of a "great offer"Hippoze is the primary LLC formed for the purpose of purchasing, managing and selling real estate.Smaller feeder LLCs managed by GM's will have their own LLC under the mother ship HBI.Smaller LLC's run by a GM offer this "opportunity" to friends and family.Hippoze LLC would be the title owners.They are "Hoping" to refinance in 1-3 years but an investment period of 10 years is desired, It is up to the discretion of the GM what to do with the returned moneys, 1) reinvest with HBI 2) reinvest with another NON HBI investment 3) return to the individual investors.Depreciation and profit will be passed down to the LLC and investors through K1s.This is the small of it, our investment would be around $10K and each LLC will be $50K to 250K, supposedly the GM for our LLC has a substantial investment ready to go.

You can take an apartment building with problems say 40% occupancy and deferred maintenance and bad tenant mix and management problems and use commercial hard money.You will have to figure in the high debt service while turning around.Once stabilized you will refinance out at the new value up to a certain LTV.Take the money and do it again.The larger the project the more the potential ARV spread after stabilized but the more risk.The larger projects take more time to turn around so the churn rate on the money is slower.What happens and I have seen this is people run out of money and the property is taking longer to stabilize than thought.Then you have some money left but not enough to take down a property yourself until you unload this other deal you bought or refi.You then start partnering with different people on different projects which can lead to a mess.You don't just want to grow out of impatience or doing more deals and then get involved with the wrong people or overt extend yourself.You want smart,well thought out,controlled portfolio growth that is highly calculated.

It depends on your risk tolerance.Cash out refinance or LOC if your lender is willing.regardless, if you're in the market for real property, you should figure out how you're going to finance it ASAP.

If he owns entire neighborhoods, you can bet he's not a novice investor, so you better have your act together before approaching him.

i got a credit card that offer me bet 10-25k loan (unsecure personal loan ) at 7% interest rate to pay back for a period bet 4 to 6 years.

Also, let's say if I'm unable to sell the property or refinance it with a bank, what happens then?

Your best bet is to talk to family/friends/co-workers and ask them who they have use in the past.

I am considering purchasing a property at a tax auction in the next couple of weeks and I am wondering if anyone has any idea when I would be able to finance the property. In the State of Michigan, I am required to p...