Lucas Cookson
Help me understand this letter from ReconTrust
The letter states the following:
FULL RECONVEYANCE
WHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust ...
Grace B.
How to do tax withhold for Foreign contractors
If we hire a Non US VA, I am supposed to withhold 30% of the pay for tax reporting. The contractor wants to use his uncle's construction company LLC located in US to be the contractor and he becomes the subcontractor ...
Michael Herr
Re-branding: Help Structuring
I have 15 single-family homes.
Mix of personal name (for loan reasons) and LLC owned.
Some are managed by LLC, some by property management.
My LLC is "Herr Property Management LLC"
Didn't like my last name on my ...
Ori Holzman
How do you scale, if the intrest makes you oay so much more?
I'm extremely new to this, please forgive me for my lack of knowledge and for starting a (possibly unnecessary) new thread.
When investing/purchasing, doesn't the interest require you to end up paying a lot more the...
Chris Hernandez
Deciding to go from liability to asset.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Cash invested: $3,000
First home. Flooring replaced, main bathroom refreshed. Occasionally rent out rooms...
Kenneth Brown
Investing for Beginner
How would you get started in investing with only 20k? Do you buy cash and fund the rehab?Do you try to get hard money and use your cash as collateral?Do you find a knowledgeable partner?
Corey M.
Partnering OOS with stranger
I'm considering partnering with someone more experienced to do BRRRRs out of state. I have no experience in this, but I am liquid enough to potentially buy a house for cash, or at least secure a loan to buy a more exp...
Matthias Wilson
Changing Multifamily Property Managers
My company is currently transitioning property managers on our 17 unit complex, purchased in August of 2018. We initially elected to keep on the PM that had managed the property for almost a decade. The property was b...
Valentine Antony
LLC 'loans' and BRRRR: avoiding seasoning period cash out refi
Purchasing with cash+rehab from a 'loan' from your LLC (filed with the county court), can you (re)financing using conventional mortgage, pay original loan and retain the overage? Ex: Purchase price $50,00 + Rehab $25,...
Kris Bennett
Websites: what’s important and what’s not
I’d like to get input on websites for acquisitions companies. - What info do you like to see on a sponsor’s website?- What info helps you feel good about the group?- If a group is new, what can help you feel comfortab...