All Forum Posts by: Michael Lehner

Thanks James. Any knowledge about LLPs?

Wondering how other investors have structured their partnerships. I'm in the early stages of partnering with someone. We both have established LLCs. Is there a way to bring them both together or should we start a whole new together? Any input would be appreciated

Proof of funds is not an issue. For some reason the agent representing the bank won't accept hard money. From everyone I have ever talked to they said hard money is not considered 'cash'

I am perfectly capable of doing all the legwork/ construction in exchange for financing. Foreclosure List price $218,0000. Reno $80000. ARV $400000. Looking to flip

There's a property I'm trying to purchase in Maryland but the bank is not accepting hard money. Currently hard money is my only source to purchase properties. I'd hate to see this deal go to someone else so I'm reaching out to the BP community. The property is currently listed 52% of ARV. Needs 80K in renovation. Profit around 80k. Brick front colonial 4/3. Completely demoed to the studs. I have an agent and contractors ready to go. Any help with financing options or possibly partnership would be a great help

Your response to nick shows me your best bet is to consult with a real estate  agent. One who not only deals with sales but also rentals. The agent can also put you in the right direction as far as where to spend your money. Rental and sale rehabs are completely different

Janelle im also trying to get my feet wet in real estate. Tried to get family to go in with me but that didn't work. I found multiple deals so I went looking for money. Companies like cogo capital provide funding with private money for real estate.  Watch their videos.  I talk to one of the loan consultants he was willing to fund the purchase but not the rehab so thats my battle now. Using something like that is better than a hard money lender in the sense a hard money lender wants 50 percent of profit and private money interest rates are 12 percent or lower