So many lenders are reaching out to me about my post, how do I know they are all legitimate and reputable companies?

Is there another role inside the company or at another company where your skills are valued but you can have more flexibility of schedule?

This is not to say an experienced sponsor has bad deals, they will, but an investor typically will not only get 100% wiped out but if the company also took bonus depreciation the LP's will also have to pay that money back to the IRS, so its a double whammy (not an accountant but one may be able to chime in more on this).If you are a LP and invested in a syndication that has bridge debt, I strongly recommend you watch it very closely.

Tough one - have you chatted with the title company to confirm they're going to issue clear title with the proposed easement?

“There is concern that in stressful market conditions we could see the failure of [these lenders]…this has become very significant in the mortgage market.”And if rates, drop fast this actually could spell disaster for these mortgage companies.

Also, the transfer of title would insure costs, and you would need to make sure the due-on-sales clause would not be an issue.If you decide to proceed with the business purpose financing, lenders will generally require credits from all three of you given the shares of the LLC is 1/3 of the company each.

Make sure you are working with an escrow/title company what is used to working on assignment scenarios.

However, we found that by leveraging a local property management company and trusted professionals in the area, we were able to successfully manage our properties and generate a steady stream of income.Keeping the property as a rental can have its advantages, especially when the property is in an area experiencing significant price appreciation.

What company would you suggest?

The company had found some serious foundation issues in the back of the home and recommends installing two PushPiers as well as a handful of smartjacks throughout the basement and one on the first floor.