All Forum Posts by: Carla Carvalho

Has anyone used the company REALTY MOGUL for any hard money lending? I am very much a beginner and I am looking to roll a $20K IRA and get started small. (I realize the SDIRA fees may take quite a bite out of my returns at only $20K) Realty Mogul has minimum investments of $5K on many of their properties. Please comment on your experience and any logistics, special tax consequences, etc. that you think is relevant. thanks.

Thanks for all the greetings. I have been looking through many of your profiles and am humbled (and inspired) by all you guys (and gals) know! Looks like I need to crack a few books and get on it....

I'm a little confused by my options regarding LLC's given the above (and previous) discussions. My options are 1) mortgage the property to an LLC at the time of purchase, and pay a higher rate or 2) file a quitclaim later to my LLC, thereby violating the due on sale clause of the lender?

Both of these are concerning to me and I'm interested to hear your thoughts. BP bloggers know how to look for good deals, so it's surprising that purchasing at higher rates would be acceptable. Likewise, the point of starting an LLC is to avoid risk, so why risk being called out by your lender.

Are there other options? We're on the fence about whether to go the LLC way or not bc we have 3 SFRs in 3 different states: IL, CT, NY and primary residence in CA. . (Didn't plan it that way, they were acquired by a variety of circumstances )

Hello BP Community,
My name is Carla and I'm a physician living in Palo Alto, CA. I decided to learn about investing, because in my OHO many physicians don't know much about investing get behind the 8 ball for retirement. My husband and I have acquired 4 homes over the years, each with its own story, and I love real estate, so I would like to learn more about 1) tax liens and deeds 2) promissory notes 3) [small] commercial properties 4) possible joint ventures.