We cannot confirm that these people are shills, but we do ask that you heed extreme caution when considering the opinions of members without a history on this or other sites.

That is NOT what they would want, and since closing would be delayed, could be so much more extremely expensive.

Nate, in East Texas, land for grazing/ hay production rents/leases extremely low, $10-$20 an acre.

If you have a market of 30 houses, to use an extreme example, 15 resales and 15 new.

I'd imagine it wouldn't be extremely difficult to seperate the wiring, relocate the panel and add a meter to the apartment (the basement is one large basement divided between two units).I'm wondering if anyone has ever added an electric meter to a house?

I am already familiar with the concept of quit claiming your property to the LLC once it is financed and purchased for liablility and tax reasons, but I am finding lately that since the collapse of sub prime it is becoming really difficult to find lending institutions that will lend to an LLC unless it is extremely well seasoned with good D & B ratings, etc.I am wondering if there is anyone out there who is currently financing properties in the name of their LLC without a personal guarantee and, if so, if you can share what instituions you are working with (especially recently) and the details of how long you have been in business as the LLC, how you built your business credit, etc.Thanks in advance for any insight into this.Tamara

This will probably reduce your number of leads, but the leads will be more "quality" (in terms of coming from the right places), which certainly counts for something.Good SEO can go a LONG way and can be extremely valuable.

It is extremely difficult to go against the grain of the market.

Just a straight forward solo 401k that owns an interest in a LLC that owns rental property, as long as your extremely careful to avoid prohibited transatactions, would not raise any red flags.

So if you are underwriting to IRR in a market with growing rents, the net effect of that rent growth to the property's value at a 5 cap is extreme and the IRR is a factor of both cash flow from operations AND disposition.So there you have it--as Joel said its a good time to buy and that's why everyone is buying.