They are an engaged couple, the guy’s mother, and the woman’s brother.

Some investors, (and some attorneys are comfortable advising)  running without an LLC for some people and instead having an insurance policy in place to cover most likely scenarios of paying.

BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago.

I am an agent and investor in the area and service the CHalfont area.

Setting up a refinance with an escrow would be fine, but if your ARV is only 75k, then most groups would do 70% of ARV, which after your 7500 payoff and closing costs, puts you with an escrow around that 40k mark. 

I'm asking my agent to request an estoppel certificate, and I'm waiting for their response.

I will just give you an opportunity to make your own decision.What is the conversion rate of all these strategies?

Here is an article that I wrote for BP that will provide some more insight to this structure: https://www.biggerpockets.com/blog/the-traditional-llc-vs-the-series-llc-which-is-better-for-real-estate-investors/Also please feel free to Dm me or leave a reply if you have more questions.Podcast #109 here on BP will also give a nice high level overview.

Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below FCheers from Fort Worth, TX

Lets put an end to the sad stuff and I will share some great things about being a Realtor!