All Forum Posts by: Ann Rosen

Got it.  If you and your partner do not want to have personal liability for a residence with respect to a real estate deal, I would be happy to share my experiences on commercial financing.  Thanks.

@Perry Farella Echoing Michael Noto and would like details on that financing option.  Thanks.

Is your deal currently under contract with a closing date and where are you in the HELOC process on the timing for getting your funds?

I know lenders where you don't need to worry about two years of rental income or your DTI ratio. As info.

I have a buyer in Houston for a SFR he wants to flip. Purchase price up to $200k. Email me if you have discounted flip properties available in the Houston area. He is flexible on location as long as it is decent and the deal is sound. Thanks.

I have a buyer in Durham, NC for a SFR she wants to flip. Purchase price up to $300k. She prefers the 27701 zip code. Email me if you have discounted flip properties available in the Raleigh-Durham area. Thanks.

Good luck!

I am a lawyer but cannot give legal advice. :-) But, what I would say is to check witH the Florida Secretary of State on requirements and you do not need to pay a CPA/Attorney to do it (although it should not be expensive to go through one for simple paperwork(. I know that it can be done on an expedited basis in Florida in 24 hours as I did one. So, you may not want to set it up at all unless you get a property under contract and think you will close. If you have a decent close period, you can set it up from time of exeucting the purchase contract to close. Just make sure if you contract in your name, you can assign the contract so you can close in the name of your newly formed LLC. Good luck!

Good luck!

I work for a national commercial mortgage broker.  I echo the sentiments that it is difficult to get financing on land only.  If he wanted one loan to purchase the land and do the construction, he will have much more options, particularly with prior ground up hotel experience.  Please email me and I can walk you through it.  Thanks.