All Forum Posts by: Al Wilson

If you can find a partner in your investment area, that's great. I would not be interested unless you had an attractive deal to bring to the table. Borrowed money is easy to find. Cash is king. I still think your best way forward is to save your money for a down payment and buy a rental or a flip when you have the wherewithal to close a deal. That said, good luck.

Yes. You are in business, so treat it as such. Good luck.

You have correctly identified your two options. We always choose to borrow in the name of our LLC, as that is why we formed it to begin with. Good luck.

Your attorney can probably direct you to a title company. We always like to drive that decision and not leave it to the lender. Good luck.

Closings can be elusive. It just goes with the territory. Hard to be patient on occasion, but doing so will help keep your blood pressure in check. Good luck.

Agree. If you want the deal, you'll have to do whatever the lender wants in the way of funding closing expenses. If that's a problem, you can leave this deal for the next buyer. Good luck.

I would ask for references from investors who have participated in the syndicator's previous deals. Good luck.

We use an LLC and always have. That approach works well for us. Good luck.

We would never, ever substitute an online service for an experienced local attorney. Good luck.

Good question for your lawyer to answer. Good luck.