Vu Nghiem
Legal question on structuring a deal
Hi all,
I'm a novice investor that have done a few live flips deals on my own. I have a group of friends that is willing to commit about 300K of capital for me to BRRRR with.
How should I structure the entity so th...
Ian Saingarm
Overfunded Universal Life Insurance
Hi guys, I was at an asset protection conference and one of those guru's who tries to sell you a tablet and a "program" was all about index linked overfunded insurance and I liked some of what I heard. The idea being...
Jason Krawitz
First time turning a property.
My first tenants are leaving after a great 20 months being my customer. My first question is what do you normally do on move-out day? Do you meet them at the property to collect keys? Do you walk through the property ...
Matthew Hall
Is the DOS clause actually spelled out in the mortgage or just implied because it's not assumable?
The mortgage I'm looking at says nothing about a DOS clause but does say it does not have a "Demand Feature," which apparently allows the lender to call the loan due for any reason. It does however have a box checked...
Justin Pandelo
R.E. Commission Advance Companies Recommendations
Hey guys,
Timing chain on the Mercedes just went last week, and now the transfer case on my Durango just went leaving my wife and I without transportation. I was looking on Google for a decent commission advance comp...
Brian T.
Private Lender / LLC Question
Hello,
I was curious if anyone has any thoughts on if a hard money loan should be made in my name, or my LLC if I am the lender. I would have my loan secured in 1st position w/ the home at a good LTV ratio. The pape...
Bienes Raices
Employers charging fee to verify tenant employment?
I went to verify an applicant's employment today and the employer had outsourced this function to a company called "Work Number". Work Number charges a $17 processing fee to verify the employment and income.
Has anyo...
Corinne Chalmers
How to find out amount of subordinate NACA agreementte
There is a house at a foreclosure auction that has a subordinate security agreement based on the national stabalization program NSP through NACA. I think it was for down payment and closing costs. How can I find out t...
Patrick Ballinger
Rentals in Detroit
Hey guys I got a question about rental real estate. I was thinking about investing in some of the cheaper homes in Detroit. I have construction work history and I currently work for a property management company. I kn...
Claudia Stewart
Dead lawn due to lack of watering on vacant property considered PM negligence?
Hello BP Folks! A month ago I closed on my first rental property and I am already feeling the pains of working with a lackluster Property Management company.I purchased a new construction SFH in Northern Dallas throug...