All Forum Posts by: Johanna R.

Hi Everybody,

I'm looking to refinance some of my investment homes in Atlanta GA, using a portfolio loan. I finding it difficult to find a bank that will do this bc I don't reside In GA, could anyone recommend a bank?

Thanks,

johanna

Hi All,

Would anyone have an Asset Protection Lawyer they could recommend, Ive got homes in a number of different states and I want to structure my assets using LLC's, Land Trusts and using S or C Corps.

Thanks in advance for your help!

Johanna

@Brian GibbonsWhoa there's a wealth of info here, thanks!

@Brian GibbonsThanks! I've never given thought to being a private lender and the Self Directed IRA is something Ive been interested in.

@Martinscherer 

Sure, my thinking is If I do a wrap around :

I can rent it for $800.00/month - NOI & $715.00 ( Debt payment, Taxes, Iinsurance, 10% Maintenance+ 10% Vacancy)

I might be only getting $85.00 in cash-flow a month but in 15 years I'll have a property in a B+ neighborhood for having put 15-20K down.

@Brian Gibbons Thanks for your reply but I wasn't thinking of wholesaling it does what Im proposing make sense now?

Hi Everyone,

I have a really exciting opportunity with a motivated seller in a really great neighborhood to buy his home.

Heres the low down he’s got a:

35 K Mortgage @ 5.25% for 15 years

15 K Heloc

The comps are all over the place but w/ a 15 -20k rehab my conservative guestimate for what its worth might be 75k.

From what I can see my options are:

Short Sale: Which can take up to 6 months and from what I was told by someone who experience w/ Short Sales is not expect the greatest deal,  I maybe could get it for possibly 42k.

Ive got no experience w/ Wrap Arounds but for me to have as little of my money in it as possible seems like the sure winner.

I’d love to get any suggestions and thoughts.

Thanks,

johanna

@Steve Vaughan Yes, that makes sense. I appreciate your help, thanks.

@Alberto Artasanchez Thank you.

@Steve Vaughan Are your Multi-Fams in different states?

HI Everybody!

Im a relative newbie and Ive finally come to the point where I must LLC. I currently have 2 houses in 2 different states under 1 Umbrella policy but the insurer will only let me do this till mid year. Now Ive just bought my 3rd and 4th in 2 diff cities. So 4 houses in 4 different cities- FL, GA, IND and STL.

Id love to hear any suggestions or advantadges or disadvantages of having them in separate LLC's in each state or under one?

Also any recommendations to any LLC policy companies.

Thanks in advace for any help!
Johanna

@Ali Boone Thanks Ali! Philly's in my back yard so maybe something to think about.