Tim Sharkey
Lender have to be licensed in buyer’ state?
I have a NY LLC client looking to buy a rental property in Philadelphia, PA.Question: does the lender have to be licensed in PA ? NY? Can it be a lender from another state without a license in either of these states?T...
Bosko Mijatovic
Backing out of a contract as a buyer
Hello I was wondering if I am legally allowed to back out of a contract at any given moment during escrow? We are set to close tomorrow but we never deposited our earnest because of lending issues even though there we...
Sandra H.
LLC Formation as LP Syndicator
Does one typically form one LLC for all the syndications they invest in as an LP? Let’s say they would like to take some of their savings from a bank account to invest as an LP syndicator, should they do so under an L...
Bo A Vanecko
Early Partnership, Property purchase under name then into LLC?
Quick question on an early partnership situation. I am looking to make a move with my partner on a 4plex and 2plex in the next few weeks. Based on this being the start of the "business" and we are still working out ...
Account Closed
Can I do this and how?
I want to get loans from people that I pay them yearly interest on. Can I advertise for this? I was thinking it would be kind of like a CD with a 6%+ intrest rate. I am looking at trying to grow my business faster nex...
Cherisse B.
Attorney & CPA referrals for the formation of investment entity
I'm looking for a collaborative attorney and CPA duo (is that even a thing?), or a full suite practice that offers both legal and CPA services, ideally in the St Petersburg, Tampa, and Central Florida areas.Planning t...
Austin Janiszewski
How can I turn my primary residence into a rental?
How can I turn my primary residence into a rental property?Is there a way to establish the property as a rental while still occupying?
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
A few years ago one of the investors who had multiple properties in Manhatan Beach CA, then Phoenix AZ, who has been doing it for 30-40 years told me: " A property does not really cash flow till its paid off"Honestly,...
Garrett Smith
1031's and Syndication
Backstory: I'm in the process of selling a property that has had a significant amount of appreciation. It was purchased as a primary residence and I "house hacked" it for several years before relocating with work an...
William Swartz
How do I structure this Wrap?
Hi Guys,
I have my first deal about to be underway. But I need to know some things first.
The house I want to purchase is worth about 200,000.
There is a 165,000 FHA loan in place.
I negotiated with ...