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All Forum Posts by: Miah Atwood

Miah Atwood has started 3 posts and replied 3 times.

Buying & Selling Real Estate

Post: How do payouts work in a partnership?

Miah AtwoodPosted
  • Posts 3
  • Votes 0

In a syndication deal--when the money starts coming in--if I am the general partner, how do I distribute funds to investors? What are the tax implications? Thanks! 

0 Votes
Buying & Selling Real Estate

Post: Confused about seller financing! - please help

Miah AtwoodPosted
  • Posts 3
  • Votes 0

If I pursue a property with seller financing, is the house immediately mine with the contingency that the original owner gets it back if I default? Or is the house transferred to me one the balloon payment is due? Also, If I buy a seller-financed home with a five year balloon payment, can I refinance the home in five years with a bank rather than selling it? Can I refinance it in two years? 

0 Votes
Buying & Selling Real Estate

Post: Can I get a conventional loan as multiple people in an LLC?

Miah AtwoodPosted
  • Posts 3
  • Votes 0

What would this process look like? I don't have a regular source of income, but that's why I am pulling in partners. What will the bank need from me/them? Can I still be the general partner if they are the far of the loan because they have steady income? 

0 Votes