5 April 2017 | 5 replies
Thanks Guys,So, I think I understand, but let me walk through it again.The initial purchase and rehab would be done as a cash deal with a Tenancy in Common between my Solo 401k and my buddy, as an individual investor.Once the rehab was done and we got a renter in place, we would then "sell" the property to an LLC that both my friend and I are individual investors (not the Solo 401k) and use non-recourse lending to finance the property.
6 April 2017 | 8 replies
Regarding a Series LLC...when you say it is basically a batch of LLCs that are treated as one big LLC, is this meant as far as taxes are concerned (meaning I can file taxes only once as the "big" LLC - thus saving me the headache and money of filing many individual returns)?
5 April 2017 | 13 replies
I bet that's the same thing.I'm just leery of insurance agents using fear to sell extra insurance programs to gullible individuals.
9 April 2017 | 6 replies
(Which after all, were originally intended to be written by individual FAMILY members to show legal disinterest to all the other FAMILY members / joint owners!
19 April 2017 | 15 replies
A great PM company or individual is paramount to the success of multiple property portfolios.
5 April 2017 | 9 replies
We always had leases witnessed by two individuals for both landlord and tenant.
5 April 2017 | 3 replies
What are some of the "must-ask" questions that I should be asking each of these CPAs in order to ensure that I am getting the right individual for my needs?
5 April 2017 | 1 reply
I have a tuned lease package for individuals, but I don't know how much of it will apply in this situation.The interested business is most likely going to use the property for work visa immigrants to work in a nearby resort, probably from eastern European countries, but this is just a somewhat-wild/somewhat-educated guess based on local activity.
6 September 2022 | 9 replies
Part of the problem is that the hard money space is now calling themselves private lenders, which leaves individuals like me who lend out their own capital (also calling ourselves private lenders) in a weird place because those two business models are very very different, both from the lender and the borrower standpoint.BiggerPockets published our book recently about private lending.
15 August 2017 | 255 replies
I use a mid-sized local bank that is a "portfolio lender" and the only stipulation is there's a $$ cap on what they will lend any one individual (including any LLC they're a member of).