All Forum Posts by: John Fortes

 Thanks Nicole! I appreciate your time and response. I'm assuming you were upfront with the banks prior to getting the ball rolling?

Hello! As I know this is not professional advice till I consult with a professional. I just would like your input on the matter. 

First, My wife and I are weeks away from closing on our first investment opportunity. This is lender financed and we did have to put down 15%. We have a goal of refinancing to pull out our down-payment to be able to move onto another investment. With that said, we would like to put it under an LLC but am conflicted to do so if we are only going to be refinancing in the near future.

Question is LLC it now then go through the whole put it back under our names to refinance or do we leave it under our names then refinance and then LLC it?

I do understand that the lender can call the loan if it is under an LLC, I know that many will state this. Please before you do, can anyone tell me of a case or instance that someone had this happened to them when they put it under an LLC?

I thank you all for your time and input on this matter as It would help me move forward with what we are trying to do. Thank you!

I know this is in conventional loan contracts. Has anyone ever known of anyone to have the loan recalled once they placed it in a LLC? Any case studies?

 Thank you, Steve! Glad you are interested. 

Thanks Sean. Just got your connection. Lets build on this. 

 Definitely will. Thank you, Tom. Glad to know we have interest. 

Thanks Charlie! I'm definitely going to consider that and make it to one. I recently reached out to you about that as well. I appreciate you.  

Looking for interest in the south shore area for a meet up. Typically I'm looking to set this up in the Braintree/Brockton/Bridgewater area. 

Looking for all types of investors, agents, and like minded individuals who are interested. Please feel free to share your thoughts as I know there are no meetups at the moment close to those locations outside of Waltham or Norwell areas. If interested please leave a note and we can go ahead and start planning this. 

I look forward to hearing from you. 

 Hi Rich,

What accounting package are you using? Please share. 

Hello all,

Looking to invest in any 3 of those areas but not limited to. Anyone have any experience in these markets? My residence is in MA and I am seeking out of state for investment. I currently am working with a broker at the moment and any feedback anyone can provide would be greatly appreciated. Looking for a SFH to rent.

Thank you and I appreciate your responses.

-John