All Forum Posts by: Account Closed

@Chris Ichter Wow- this post seems like so long ago now. I've learned a lot in the last two years. I ended up finding a lender that lends to my LLC long term at good terms.

Congrats!  Great find and excellent deal!

Need to pull cash out

I currently own a property through my LLC that I am looking to refinance. I just had one lender tell me that if I wanted to "refinance" into my personal name (they don't lend to LLC's) then it would actually be a sale from my LLC to myself. Has anyone ever been told this?

I haven't dug into it yet but, could this be a way to avoid seasoning requirements? Essentially buying the property from my LLC.

Has anyone ever worked with MCG Loan?  I can't find many reviews online.

Buying on the courthouse steps, Sheriff Sale, Tax Sale, etc.....

Everyone calls it something different and I believe there are nuances to each iteration.  I'm wondering if anyone has any good educational resources on how to get started buying "on the courthouse steps"- tax properties, etc.?  Any books you would recommend?

Thanks BP!

Question- anyone ever hold a “contractor” open house (so to speak)? I’m thinking of inviting multiple contractors to a flip property to walk everyone through at the same time. As well as explain same scope to everyone. Seems like it could be efficient and make sure everyone is bidding the same. And maybe create some competition for better pricing. Anyone see any drawbacks to this approach? Thanks all!

Great work!  Love to see such positive success like this!

For anyone that has hired an employee to do your own construction work (1099 or regular) how do you handle contractor liability insurance?

I'd like to get everyone's thoughts on a theory I've been pondering....

I'm in Central PA and the market is and has been red hot for quite some time.  It has caused prices to increase but, nothing astronomical.  What the tight inventory has done though is make it very difficult to purchase anything- either as an investor or owner occupied.

So everyone thinks- when will it end?  When will buyers dry up and inventory increase?

I, for one, as well as many other investors in this area would love for the bottom to fall out of the market to create a buying opportunity.  As a rental property owner, I know rents won't decrease much if that happened.  In fact, they could actually increase.  As for the value of my properties, I don't plan on selling anytime soon so I would weather the storm.

Additionally, I believe many investors (at least) are sitting on resources to be able to pounce on an event (opportunity) like this.

So, with all of that said, I ask the hypothetical question (at least for areas such as mine) if everybody is waiting on a "bubble burst" can it ever happen??

Would love to hear some thoughts on this!