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I setup a Wyoming Holding Company (LLC) that will manage my Virginia LLC. As I live out of state (Virginia) -- do I need to use a Wyoming bank for the holding company LLC, or can I use one local to me or national bank...
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Alright I have a friend who is easily able to find get a mortgage on a property we are wanting to flip. I only have around 10k to put into the deal so I was going to let him get the mortgage (down payment and repairs)...
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What we really need is for local banks to start doing commercial loans on investment properties (SFH) again.
I know some states are still doing these types of loans. But here in Illinois, our local banks have complet...
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I was thinking about owner financing a property to a buyer and I need some help to figure out if this is a good deal or not.I paid $235,000 for the home. Here would be the terms with the buyer:Sales Price: $315,000 (N...
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Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...
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So I have been studying more and more into creative financing and different ways to purchase properties with a low amount of cash needed. I have also noticed that a lot of people want to get into real estate with a ve...
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Found a foreclosure 1,800 SF Modular on 5 acres). May be able to purchase for 40K. I can get a private loan for 36K. I have a buyer that is willing to pay 60K for the house if I will finance for 30 yrs with 10% down. ...
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So on my first flip I got linked up with a mortgage broker. He put me in contact with a HML who's terms were 4 months before penalties started to be assessed. The mortgage broker said once the rehab is complete, we ...
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Greetings,I am exploring the possibility of getting started in real estate investing. My wife and I really don't have an interest in real estate but looking at the numbers, it seems like something we should pursue. Du...
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I have recently came across what appears to be my first big step into real estate, BUT I have 2 problems. I need a cash investor to get the deal done and I need a very experienced person to help me analyze the deal. ...