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21 January 2019 | 31 replies
Ask the realtor to give you comps for the finished product (so you know that even with a 10% down market that the builder has wiggle room and can pay you).
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26 June 2014 | 2 replies
The potential tenants are actually already renting from me at a different property, and they aren't sure if they want to buy or rent, but would like to live in the house.
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1 December 2015 | 51 replies
The triumphs (Yes, I did just score a closeout deal on product that actually matches the design and adds $800 to the bottom line) and the Marketing and selling (which is where the fun really begins).
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25 June 2014 | 6 replies
I can answer your question(s) based on my research—you should however seek additional help from a professional and tap into other resources here on BP (e.g. threads, articles, blog posts, podcasts, etc.).Answers:Traditional banks likely won’t lend to an LLC without a personal guarantee and if they do, it would unlikely be a conventional product or eligible for delivery to Fannie Mae (read find a portfolio lender).Selling your property for $1 to your LLC might trigger a due on sale clause in your mortgage agreement.
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2 July 2014 | 26 replies
If yes.Have you both targeted what a specific product will rent for?
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26 June 2014 | 3 replies
When you find someone who can help you this way and understands the lending business and most important has access to the products you need you'll be just fine.Happy hunting and I hope this helps.
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26 June 2014 | 0 replies
Networking seems non-productive (Bc all I hear is "I'd do that too").
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26 June 2014 | 11 replies
I will still have access to consumer loan products etc.Go consult with an attorney and ask questions.
29 June 2014 | 10 replies
But giving the owners too many options is counter productive as well, so be careful.If the current owner just wants out; he may not even consider the lease option, whereas it may be better to try purchase with no money down.Hope this helps, and I hope you have a successful future!
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13 April 2016 | 16 replies
It sounds as if you did much of the work yourself without knowledge of the products you were installing, Installing something, while the process may be very easy, doesn't mean you know all that is necessary to complete a quality job.