Rami Holzman
Can you rent a property from your LLC?
13 January 2022 | 9 replies
@Rami Holzman Covered above, no lender is going to do that as they'll require a personal guarantee from you.Best bet is to open a few secured credit cards, pay them on time and in a year you should have a decent credit score.
Jorge Abreu
What is Syndication? Who is Involved? What Is Their Role?
9 January 2022 | 1 reply
✍️Role of a SyndicatorThe sponsor/syndicator is the person who initiates the real estate syndication; they are responsible for identifying the market, underwriting the property, securing financing, overseeing the business plan/renovations and the daily activity of the property management company, ensuring strong investor relations, and managing the asset in general.
John McKee
Do you have one bank account for all of your LLC?
9 January 2022 | 6 replies
For the vast majority 1 LLC and 1 checking (operating account for income and expenses) and 1 savings account (for security deposits and prepaid rent) and then as @Nathan G. says over here you might find a 3 account useful: Do you have one bank account for all of your LLC?
Keegan Schaub
Creative Financing?!? Help!
8 January 2022 | 4 replies
Hi Everyone,I recently received an inheritance and want to purchase my first MFH this year, HOWEVER, I cannot secure a mortgage loan as I do not work full time.
Kenneth LaVoie
1031 exchange questions
11 February 2022 | 8 replies
@Kenneth LaVoie, you can get a 1031 QI involved anytime before closing, I'd be happy to set you up with my QI team backed by the security of First American.
Christian Weber
401k loan instead of mortgage??
8 January 2022 | 1 reply
So I was watching YouTube and a "guru" mentioned you can take a loan out on your indexes/stocks as it is a secured loan at a fraction of what you would get on a regular loan (1.5% instead of the 3-4% on a regular conventional loan) and that you can borrow around 40-60% of your portfolio amount.I looked online for info even close to this but couldn't find it, I have a sizeable 401k so wanted to look into this - any insight greatly appreciated
Tom McMahon
Does the name on mortgage need to be changed to protect liability
14 January 2022 | 12 replies
Many people don't properly run LLC, so they have an illusion of security more than actual security.My best advice is have good liability coverage limits on your insurance.
Mergim Gjyriqi
Advice for my first potential deal that is very “creative”
9 January 2022 | 2 replies
Now, his idea to get the deal done is that he takes care of securing the deal, securing the mortgage (I would not be able to get a mortgage since I am 23 years old & not enough “working experience” for a loan), he also found the deal.
Andrea Campo
Rent application and SSN
10 January 2022 | 5 replies
Don't be surprised to be turned down for a place or requested to provide a larger security deposit.
Michael McHugh
What are we missing?
11 January 2022 | 7 replies
We went and looked at houses yesterday found one we liked.We have done research on the area through airdna and have secured a lender.