22 January 2024 | 20 replies
Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....
15 August 2013 | 32 replies
And it all came down to lack of education, so now I am educating myself:) But now, I've been in corporate for the past 12 years & I am married with a toddler, so its not about me any longer.
8 November 2023 | 3 replies
But also, there are so many nuances to cap rate.If you are looking at office space, for instance, are in you CBD or suburbs?
11 May 2018 | 7 replies
XXV.OTHER AGREEMENTS: No prior or present agreements or representations shall be binding upon any of the Parties hereto unless incorporated in this Agreement.
5 November 2016 | 38 replies
And, based on reading several of your other posts, I'm also trying to incorporate the 'themes' to the mail pieces.
1 February 2016 | 12 replies
Coming from 15+ of sales and marketing in corporate america I have found that best method for turning down sellers (which I just did about 10mins ago with someone) is to tell them the truth and explain why you can do anything with the property.
9 December 2015 | 19 replies
The Co-owners desire to acquire, hold, maintain, keep in repair, rent and/or sell or exchange, as tenants-in-common (co-owners), that certain real property more fully described in Exhibit "A" attached hereto and incorporated herein by this reference (the "Property").
25 February 2017 | 311 replies
I've spent over 20+ years in corporate america on the sales and marketing side....and let me tell you the turnover is out of the control!
5 December 2011 | 9 replies
If your incorporated you have much greater protection and they might not bother you as much.
11 October 2023 | 15 replies
Two sidenotes: - when I talk about ARV below it means purchase price + rehab + forced appreciation- this person made a blog post about the same borrow from LLC idea as you noted when purchasing with cash https://www.biggerpockets.com/... but I think his note is a bit more explicit about how you can leverage it to incorporate the estimated ARV (including forced appreciation) for LTV... it's in your post too but for a n00b it's harder to see it without reading it several times, getting more educated and coming back to your post again before one sees it more clearly"I'm no expert here - so the following is my current understanding and I could be wrong.