We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
November 28, 2022, 02:10:40 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
November 28, 2022, 02:10:40 am
Home Help Search Calendar Login Register

Author Topic: financing?  (Read 2214 times)

Offline joannesreidealboard2

  • Member
  • *
  • Posts: 6
financing?
« on: December 29, 2009, 08:24:47 pm »
I have a client looking for some financing where could I send him?

I have an investment property I own free and clear in the name of my LLC. It is involved in a long term lease. In this financial climate I have not been able to find a way to get money out of this investment to pursue other available properties or to do just improvements on what I currently own.
Do you have any options available?

Value 120k he is looking for 50k

Offline Rob in Atlanta

  • Member
  • ***
  • Posts: 432
    • Author of ™DEBT FOR PROFIT©
Re: financing?
« Reply #1 on: January 05, 2010, 07:47:36 am »
There are a few places you can look for money.  I would consider these:

1.  If the borrower's credit is strong, you can go to the bank and hypothicate the long term lease payments to the bank in exchange for a personal loan.
2.  The LLC can obtain 'debt partners' by creating a first mortgage against the property and using shares of the LLC to secure the investors interest.  That way, you can involve some smaller investors too, such as a $5k investor could hold 5000 shares of 50000 total shares for his security in the $50k 1st mortgage.
3.  There are trillions of dollars inside IRA plans.  Do the above with IRA investors with a good interest rate to attract the private investors.  If their IRA trust document does not allow for such an investment, you can suggest an IRA rollover into a trust document which permits such an investment.
4.  Although the lending institutions are unreasonable right now, even though their rear ends were bailed out by the feds, you are nearly certain to find a lender who will do a first mortgage for this proposed less than 45% LTV.

Hope that helps.

Rob
Rob in Atlanta
REI Consultant/Mentor,
Author of ™DEBT FOR PROFIT© and
Keynote Speaker for REI Clubs Across America
https://www.youtube.com/watch?v=G2iYVFk-Dbg

Offline DHLC

  • Member
  • ***
  • Posts: 183
    • DHLC, Inc
Re: financing?
« Reply #2 on: January 05, 2010, 02:38:16 pm »
Many HMLs will loan to an LLC with a PG.

Good luck!
DHLC Investments, Inc., Direct Hard Money Lender
Serving D/FW, Austin & San Antonio Texas
972-467-6547
972-759-9790 fax
http://www.dhlc.com

Offline mviva5

  • Member
  • *
  • Posts: 3
Re: financing?
« Reply #3 on: February 20, 2010, 03:23:02 pm »
where are you located ?   michelle

Offline nimmysnv

  • Member
  • **
  • Posts: 80
    • internet home selling
Re: financing?
« Reply #4 on: March 06, 2010, 05:41:29 am »
hello !!

you can suggest him a good loan company .i have gone though this company and you can also suggest that to your client.The company is American wide loans.To know more please go through the link:

Thanks

altered due to rules violation
« Last Edit: March 06, 2010, 05:59:49 am by Mdhaas »

 




SMF 2.0.15 | SMF © 2017, Simple Machines