Author Topic: Real Estate investment  (Read 39266 times)

Offline churnbabychurn

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Re: Real Estate investment
« Reply #120 on: January 18, 2018, 11:01:40 PM »
Looking to invest up to 500k. Any advice or leads?
Why have you decided to invest in real estate?

Offline Sammy82

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Re: Real Estate investment
« Reply #121 on: January 18, 2018, 11:19:30 PM »
Why have you decided to invest in real estate?
I need solid income. Doesn't have to be monthly but at least quarterly. And I need to know approx what's coming in.

Offline am7734

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Re: Real Estate investment
« Reply #122 on: January 19, 2018, 12:39:35 AM »
is it possible to refinance a 4 unit investment property, keeping the property in an LLC? it seems like all lenders want it on a personal name?
Surely at a hard money lender.
Also, what about with a personal guarantee?
Spoke to one of the million and one brokers out there?

Offline thaber

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Re: Real Estate investment
« Reply #123 on: January 19, 2018, 01:01:11 AM »
is it possible to refinance a 4 unit investment property, keeping the property in an LLC? it seems like all lenders want it on a personal name?
Surely at a hard money lender.
Also, what about with a personal guarantee?
Spoke to one of the million and one brokers out there?
Don't need to go to hard money. it costs a little more, and you'll probably have to have recourse. And you're a little more limited in lenders.
speak to a broker who does residential.

Offline thaber

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Offline schneury

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Re: Real Estate investment
« Reply #125 on: January 19, 2018, 08:33:37 AM »
Don't need to go to hard money. it costs a little more, and you'll probably have to have recourse. And you're a little more limited in lenders.
speak to a broker who does residential.
Surely at a hard money lender.
Also, what about with a personal guarantee?
Spoke to one of the million and one brokers out there?
spoke to several brokers and all are telling me that i need to take it out of the LLC for the refinance. how do people with a lot of investment properties take out loans at regular rates?

Offline thaber

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Re: Real Estate investment
« Reply #126 on: January 19, 2018, 09:44:18 AM »
spoke to several brokers and all are telling me that i need to take it out of the LLC for the refinance. how do people with a lot of investment properties take out loans at regular rates?
When it's 5+units it's a commercial loan and not a problem. 1-4 is the issue.
Many people move it out temporarily. But that's not always an option.
 there are lenders who will do it.

Offline schneury

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Re: Real Estate investment
« Reply #127 on: January 19, 2018, 09:57:14 AM »
When it's 5+units it's a commercial loan and not a problem. 1-4 is the issue.
Many people move it out temporarily. But that's not always an option.
 there are lenders who will do it.
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?

Offline churnbabychurn

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Re: Real Estate investment
« Reply #128 on: January 19, 2018, 10:05:56 AM »
spoke to several brokers and all are telling me that i need to take it out of the LLC for the refinance. how do people with a lot of investment properties take out loans at regular rates?
It is most definitely possible to do a commercial refi for a handful of properties under an LLC. not sure if 4 is too little, but definitely 10 residential is done

Offline churnbabychurn

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Re: Real Estate investment
« Reply #129 on: January 19, 2018, 10:06:59 AM »
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
Of course. You can't just transfer ownership of properties that are mortgaged

Offline Aaaron

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Re: Real Estate investment
« Reply #130 on: January 19, 2018, 10:27:50 AM »
Looking to invest up to 500k. Any advice or leads?

I have a client about to offload a small (8 properties, one or two are 2-units) portfolio in Baltimore.  Cash flowing, mostly government-subsidized tenants.  High cap.

PM me an email address and I can provide the info when I get it sometime next week.  Probably a little higher than 500 though.

Offline joeberg

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Re: Real Estate investment
« Reply #131 on: January 19, 2018, 10:36:24 AM »
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
There are banks that will let you put it back in the LLC.
Try local banks, they can give you a loan to the LLC. Brokers usually only deal with the national banks.

Offline chinagel

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Re: Real Estate investment
« Reply #132 on: January 19, 2018, 02:49:48 PM »
When it's 5+units it's a commercial loan and not a problem. 1-4 is the issue.
Many people move it out temporarily. But that's not always an option.
there are lenders who will do it.
any specific ones?

Offline joeberg

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Re: Real Estate investment
« Reply #133 on: January 19, 2018, 03:27:46 PM »
any specific ones?
A good broker who deals with investors should know.

Offline Hatikvah

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Re: Real Estate investment
« Reply #134 on: March 07, 2018, 10:46:24 AM »
Hi all,

Have a 3 family building for sale in Brownsville area. Right past crown heights and a few blocks from the Broadway junction trains. Fully occupied, tenants on 1 year leases. R-6 zoning, frame construction and gas heating. Asking 725k. Please PM if interested, or have someone else who is interested. Thanks.

Offline fliZ

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Re: Real Estate investment
« Reply #135 on: March 08, 2018, 10:02:18 AM »
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?

Offline bubkiz

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Re: Real Estate investment
« Reply #136 on: March 08, 2018, 11:52:08 AM »
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?

Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.




Offline hvaces42

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Re: Real Estate investment
« Reply #137 on: March 08, 2018, 12:21:07 PM »
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline fliZ

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Re: Real Estate investment
« Reply #138 on: March 08, 2018, 12:36:03 PM »
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
For a single family, self managed property, anonymity isn't really an option (or concern). Sounds like no real benefit to LLC if properly insured.

Offline mercaz1

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Re: Real Estate investment
« Reply #139 on: March 08, 2018, 03:38:25 PM »
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.

you might as well correct the whole post