All Forum Posts by: George Frye
George Frye has started 37 posts and replied 151 times.
Thank you Joe
Originally posted by @Ben Zimmerman:
Originally posted by @Account Closed:
I'm relatively certain that you have it backwards. You would want to be the primary and the seller would be the additional insured. The way you have it written I'm fairly certain after the house is sold subject to, the previous seller could simply light the place on fire and collect the insurance check.
When doing a subject to, so you normally keep the insurance in the owner's name? If you don't keep it in the owner's name how do you not trigger the due on sales clause?
Post: Structuring a syndication for Opportunity Zones
- Investor
- Albany, GA
- Posts 158
- Votes 24
Originally posted by @Ronald Rohde:
Originally posted by @George Frye:
I have recently been speaking with Opportunity Zone Funds and a few of them are looking to deploy capital for projects but have not found the right deals. I was considering doing syndication and purchasing properties in Opportunity Zones. However, I can't seem to figure out how to properly structure this syndication. Any advice would be great. I know based on IRS rules I can't get the same benefits as the funds, but I can still invest the funds capital as long as I abide by all regulations. Any advice would be greatly appreciated.
Sourcing is definitely the hardest unless you own the land already. It was essentially a wealth transfer to land owners in OZ (i.e. Kushner).
@Ronald Rhode thank you
Post: Structuring a syndication for Opportunity Zones
- Investor
- Albany, GA
- Posts 158
- Votes 24
@Bill B. Thank You I will reach out to them.
Post: Structuring a syndication for Opportunity Zones
- Investor
- Albany, GA
- Posts 158
- Votes 24
@Greg Dickerson Thank you. This si exactly what I need. I knew that the regulations were very different from just going to buy a property and fixing and flipping. I just was sure what that all entailed.
Post: Structuring a syndication for Opportunity Zones
- Investor
- Albany, GA
- Posts 158
- Votes 24
I have recently been speaking with Opportunity Zone Funds and a few of them are looking to deploy capital for projects but have not found the right deals. I was considering doing syndication and purchasing properties in Opportunity Zones. However, I can't seem to figure out how to properly structure this syndication. Any advice would be great. I know based on IRS rules I can't get the same benefits as the funds, but I can still invest the funds capital as long as I abide by all regulations. Any advice would be greatly appreciated.
Post: Blanket Loan Notes Foreclosure
- Investor
- Albany, GA
- Posts 158
- Votes 24
@Chris I am waiting to get the note so I can read it.
Post: Blanket Loan Notes Foreclosure
- Investor
- Albany, GA
- Posts 158
- Votes 24
Logan so let's say I foreclose on half if them, what happens to the other half.
Post: Blanket Loan Notes Foreclosure
- Investor
- Albany, GA
- Posts 158
- Votes 24
@Logan Hassinger thats what I thought, that will be crazy to pay for 40 foreclosures.