All Forum Posts by: Account Closed

Hello BP, when establish a LLC with the intention to create series LLC in the future and possibly using Land Trust to hide the ownership, who are the people that i must hire full-time or part-time? How do i manage and what should i except when doing this?

Hello BP, my mind is now clashing on how to use creative financing in a certain situation. Let said there a small homeowner family in a SF house, the husband is the only one working and the family can no longer afford to paid off their mortgage because the husband lose his job. They do not want to lose their house but a foreclosure is coming soon. 

In this situation, how can i use creative financing to create a win-win situation where the family can continue to live in the house?  

Hello BP, sometime ago i read "The definitive guide to using seller financing to buy real estate", and only thought that to prevent due on sale clause, that would mean i can only used this method on debt free property. Then recently i came across "Land Trust" that can be used to prevent due on sale.

What do you think, can a land trust help to prevent a call from the bank if i used partial seller financing? 

PS: I think this would work in Sub2 as well if the owner have equity or maybe this is also called a partial seller financing consider that Sub2 is usually used on no equity mortgage seller. Again what do you think?

Hello BP, so the area that i focus on is currently developing a new mass transit that will be complete very soon. But after some thinking & reading investing near to transit, i'm currently lose because i see the pros & cons, and thinking of the possibility that will affect my potential subsale apartment. 

Will the tenants of the area decided to move out? Does the appreciation increase out weight the cons? Does it matter if my tenants are A, B or C? Does the increase in parking fees to encourage the people to use the upcoming transit going to affect positive to my apartment? Need help again. 

Hello BP, i read quite a number about using creative financing but how many of those may trigger acceleration & due on sale clause? I know seller finance and Sub2 can trigger it but what other types of creative financing that i'm unaware of can trigger it as well?

Hello again BP, i had just read the post "How I Decide What I Buy" and i came across a very interesting sentences stating "mismanaged properties with vacant units which need remodeled and re-rented can not possibly make money on day one. While it is true that there may not be enough income on day 1, isn’t it also true that we can achieve an income statement equilibrium by lowering expenses for a period of time long enough to fix the problems on the income side." 

How is this possible with creative financing? Sorry but i'm stuck in here. 

Hello BP, for the area to growth there must be some future projects going on and current infrastructure that are hard to duplicate, but it is wise to purchase an apartment near to schools, malls, places of worship & etc because of the traffic, noise pollution and extreme density that may actually increase the tenant turnover as it is uncomfortable to live in such location? Especially if the tenants has nothing to do with schools because it just plain inconvenience. 

 So this is one of the many reason why many seller prefer to sell their property unoccupied with tenants because it become more available to different kind of buyer. 

What kind of renovation is allowed that provide value added to the property when there are tenants?

 Let said i want to convert a 4 bedrooms for family into 2 bedrooms unit for expats to create a large space & stand out in the block because the area allow me too and create a certain niche and competitive advantage. If there are tenant in those units, what can i do?