Jay Helms
What is the Fee to Guarantee?
Afternoon BP. Under contract on our first midsize MFR (42 units) with a purchase price of $16k/unit. My investment partner and I are structuring this deal so our friends and family are Limited Liable partners and my p...
Account Closed
DO You Need An LLC - It Gives Me Protection, Right? My Attorney / CPA Says That. . .
People always assume that having an LLC keeps them from getting sued, but look, the individuals are being sued too. So much for an LLC protection.
Here is who's being sued:
Federal Trade Commission, and
Utah ...
Bryan K.
Refinance an investment property purchased with cash thru an LLC
Hi all, 2 of my business partners and I are set to close on an investment property in Chicago next Friday. The seller already had an all-cash offer, and it was a great deal, so we looked for a way to beat out the oth...
Account Closed
I!ve been had!
A question for you! Does this smell like a fish market? Through my broker agent, I placed a cash bid on a FNMA property. Unknowingly, another investor placed a cash bid on the same day. Neither bid was accepted. My ag...
Allen McGlashing
Hard money loans without a LLC
Hello everyone, i plan on using the BRRRR method on my next deal. I have reached out to many hard money lenders and all require me to create a LLC for them to loan on the property. I was wondering if there are any har...
William J Hamm
Private Lender - To Good To be True or Not (David Tuttle)
Recently I came across an individual that is offering private money loans at 3% interest up to $3M loans. This caught my eye. This lender does require an application fee to start the loan process. To this point, I'...
Sylvester Thompson
Hard Money Lending Requirements to an LLC
I've had some very preliminary discussions with Hard Money Lenders, both have stated they only loan to LLC Entities. My natural assumption is that it's easier to foreclose on a property that's held by LLC vs an indivi...
Stanley Brown
Lets make a deal
There is a grouping of 6-plex buildings for sale...a total of 12 for a total asking price of $3.2 million. This would give me a total of 72 units. The problem is that 1/4 of the buildings are vacant. The tax asses...
Kurt Hines
What to offer for Seller Financing on Small MF (3 duplexes)
Hi Everyone.I recently put in offer in on 3 duplexes being sold as Multifamily. I got help with the costs in a previous post: https://www.biggerpockets.com/forums/432/topics/50...I may now have the opportunity to sit...
Alex Breshears
Clearing up something about private lending...
Since I get these questions a lot - I thought going out to the BP community to see what they think might be educational.As a private lender, I've discovered the term is very ambiguous and vague to borrowers. There are...