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Results (10,000+)
Joel HusVar Need help understand why I can't get financed
8 April 2008 | 10 replies
He wants 10% down.I spent 10 years in the mortgage business and lenders always made us have the client deed the property to themselves, then refinance, and then the client would deed the property back to the LLC after funding.Lenders are concerned with being able to “sell” the loan or the “servicing” of the loan… This is how they get their money back to re-lend it again… Most “regular” residential mortgage loans are for people, not entities.With that said, yes the loan will be in your name personally and so will the responsibility to repay the loan, but you can transfer it to the LLC after closing… Again, maybe a local community bank may be able to do it since many do not sell their loans…
Jim McMillen What books do you like....
24 February 2008 | 6 replies
They generally publish regular news updates so you can stay current with the state and community regulations.
William Luke Laity Self Directed IRA for wholesaling
15 August 2022 | 6 replies
If you go to an auction and buy a house using the IRA, or have someone bird dogging properties and occasionally your IRA decides to pick up a deal that can be quick-turned, that is a less involved approach.The second issue is that when an IRA engages in a trade or business on a regular or repeated basis, the gains are taxed as Unrelated Business Taxable Income (UBTI). 
Alberto Nikodimov What is a fair percantage in this partnership?
21 May 2021 | 54 replies
I am currently in the process of forming a partnership almost identical to what you are describing (except I would be the more passive investor in the partnership).
Atwan Kwan How to SAVE on ENERGY????
19 July 2016 | 52 replies
We migrated to a more efficient HVAC system as part of the retrofit, but actually ran of the older system during the course of the retrofit.Other similar houses in the neighbourhood have average annual energy consumption 80 - 120% greater than this house.We just acquired another near identical house one block away and I am presently modelling a retrofit plan that, once finished, should see the average annual energy consumption be in the range of 30 - 50kW/m^2.  
Max James Cincinnati Photographer for Rental Ads
21 July 2016 | 8 replies
I have friend in Cincinnati that does aerial photography with a drone, I am starting to see more of this on higher end properties, I think he also does regular real estate photography as well.  
Account Closed New credit report rules require 30 months of payment history
25 September 2016 | 24 replies
They compete with each other for the exact same pool of borrowers, so it's not probable that they will ever be wildly different (as essentially identical products), nor is it probable they will ever be exactly identical (due to competitive forces). 
Bill E. How much to risk
26 September 2016 | 10 replies
When you say cash flow you probably mean mortgage payment, taxes and insurance, how much are you setting aside for capital expenditures, regular repairs, vacancy and management fees? 
Oswald Oswald Condo vs Single family home
8 November 2022 | 5 replies
I do this for my clients regularly.
Eli Altman Questions about factoring real estate holdings into FI planning
6 August 2021 | 10 replies
I keep enough cash on hand to cover my living expenses for many months.Then I think of my investments as supplying cash to refill my checking account regularly.