All Forum Posts by: Fred Shandler

Some of the best, most informative topics, come from a healthy debate like this one.

(side note)
As someone relatively young (who has yet to purchase property), I am highly appreciative of Mike's presence here and him sharing his experience. I've started many threads, hoping that he'd respond and I've never felt like he is trying to dissuade me from purchasing investment property. I also read his book and came away extremely informed.

His approach is extremely objective and calculated -which, in my estimation, is the the most prudent approach.


(back to the topic)
Many PM's in the area that I've studied also invest/sell -is this typical of a PM company?

Are private loans typically given only for specific properties? In other words, if an individual borrows X amount for 12 months, can they simply buy/refi/reinvest, while continuing to re-pay on the agreed re-payment schedule? Or are private loans typically property specific?

Has anyone experienced a scenario where you and the buyer essentially agree to a short term sub-2 deal (let's just say 12-24 months, balance at the end), at which point you would then perform a cash out refi? Is this a viable option?

Thanks,
Fred

What are some questions you ask when typically interviewing an attorney, or what are some things that you look for?

Is it reasonable to ask what their fees are?

Any other input is greatly appreciated

Thanks!
Fred

Thanks for the response, Lou. I did not think about tax implications. I'd be interested in hearing how investors manage their properties in this scenario (that being, the property is held in your name with the intention of eventually quit claiming it into an LCC, etc).

Does your entity still write/receive checks, even if the property is in your name?

Thanks!
Fred

Is an attorney typically able to perform services that a title company would perform? I ask because it seems more convenient to have "one stop shopping" by using an attorney for all services.

Is there typically a difference in services offered between the two?

Thanks,
Fred

Does anyone who has done an owner financed or privately financed deal, have experience with this situation?

When investing out of town, do you use your local attorney or an attorney local to your property?

If I were to obtain a property through non-conventional financing (owner financing, private money, etc), with the intention of conventionally financing after a certain period of time (6-12 months), when exactly would I quit claim the property into an LLC. Do I wait until it's conventionally financed? Do I quit claim it asap, then take it out to eventually conventionally finance, then quit claim again?

Thanks!
Fred