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Results (10,000+)
Kelvin Ng Private lending through LLC or Personal?
20 February 2024 | 13 replies
It's interesting what people will do in acts of desparation.In my experience, lenders (specifically private lenders) will do what they can to work with a borrower to avoid foreclosure, which is a costly endeavor for the lender and requires time to process, usually months and months, depending on your state.Also, while an LLC is often considered a safeguard to protect personal assets, a lender using an LLC for multiple loans may have a substantial value to their LLC, which could all be at risk.Finally, if the wrongful foreclosure suit is legitimate and based on an error by the lender themselves, an attorney could logically sue both the LLC and the individual.
Ronnie Phillips Purchasing A Multifamily Property With Tenants
20 February 2024 | 7 replies
A red flag is a warning for you to dig deeper.I recommend your offer to purchase include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
Jake Benny 20 Year Old College Student Looking to Buy First Rental Property
20 February 2024 | 5 replies
It's an asset based loan so most all the requirements will be dependent on the rent covering the debt so if you have cash but no stream of income it'll be the way to go.
Dylan Ritch Just inherited a house and have no clue what to do
20 February 2024 | 7 replies
Others zones that to allow multiple apartments mayhave other requirements such as larger lot sizes, parking, etc. 3.
Keenan B. Advice on finding property management? (Portland, OR)
20 February 2024 | 11 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
Braden Jackson Househack Financing Advice
20 February 2024 | 24 replies
However, in appreciated markets, it requires a higher downpayment to cash flow.
Edita D. eathquake insurance: expensive but necessary?
19 February 2024 | 14 replies
Lenders do not require earthquake insurance, at least not in California.
Scott Esmail Multifamily insurance provider South Daytona Florida
19 February 2024 | 5 replies
Or does anyone know a lender that will not require wind cover and just allow hazard and GL since I also have to renew my loan 
Edward Messer Is 14% ever worth it?
20 February 2024 | 15 replies
Another factor could be whether you're renting to college students which usually requires extra "hand holding" by the PM.
Joshua Bailey Create an individual LLC per investment property?
20 February 2024 | 15 replies
Despite new reporting requirements, such as those imposed by FinCEN, it's still possible to achieve a degree of anonymity with careful planning and the proper jurisdiction.