Do most hard money lenders require an LLC? Or can I get a hard money loan in my personal name? I don’t have an LLC at the moment. I would like to get my first hard money loan in my personal name. Is this possible?
i am reading the court documents regarding an HOA foreclosure property that i am interested in and i noticed that there is a line that says" Any person claiming an interest in the surplus from the sale, if any, other ...
Hi!Background - I am planning to lend money to a family friend (to his LLC) to do 2 flips. Once the flips are completed, I get a cut of the profits. We will be signing a promissory note to document this in writing. No...
I recently bought a 2 bed 1 bath in Kannapolis, NC. I bought into around $10k of equity with an appraisal of $170,000 and would like to rehab and refinance around the end of 2023 to get my money out and then buy anoth...
I just hooked up with and investor and he told me to focus on pre foreclosers but how do i get them with money dowm. he told me to just get them and he will close the deal for me. help i dont want to make the mista...
Hi there! My fiance is ready to emabark on his first fix and flip, and he's looking at a Hard Money Loan with Lending Home to finance the purchase and renovation.As you all know, these HML loans come with a hefty down...
Hey Everyone! First post here but long time follower. Been itching to get my passive income journey started and am committed to buying a property this year. Been doing all the recommended items of visiting properties,...
I own 5 units. 1.Do I need to keep each individual security deposit in a separate checking account?2.3 of the units are in a 3 flat. Can I keep those together in one checking account?"Intermingling funds" makes this c...
Hey everyone! I want to open up a Roth IRA to create promissory notes and help my other investing friends reach their real estate goals. Does anyone have recommendations for a solid company to start that up? How do yo...
Hi folks,I recently purchased a duplex, am occupying one unit and renting out the other. Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, et...