Financing and Credit

I'm new here and trying to open company right way. I research a lot of information and trying to determine if S corp will be more helpful than LLC.

Also anyone can help me to figure out how can register company with out using physical address( like home or office if i don't have one)

Thanks for help in advance

Eugene

Private Lender Real Estate Financing
versus Conventional Mortgage

With the tight credit markets those investors that succeed most use private money.... Charlie

In today's uncertain economic climate, financing a real estate venture through a private lender is considered a viable alternative to seeking a conventional mortgage through a commercial institution. With commercial lending institutions folding under the pressure of the Wall Street crunch, private lending is becoming the preferred alternative to financing real estate.

CASH FLOW A PROPERTY?

If there was ever an opportunity to buy property that cashflows this is it. To make sure that the property will cashflow, use the following formula. Charlie

Calculating Loan Costs
Purchase Price: $200,000
Down Payment: $ 20,000
Monthly Annually
Loan amount: $180,000 @6% for 30yrs. = -$1079.19 -$12,950.28
Taxes: -$83.33 -$ 1,000
Insurance -$ 66.00 -$ 800.00
Total Expenses: -$1,228.33 -$14,739.96

Rental Income +$ 1200 +$14,400

Difference -$28.33 Monthly -$339.96 per year

Are you having trouble selling your rehab project in today's market? Why not offer seller financing? You can sell the property for top dollar faster. The best part is that you don't have to wait for the payments to come in over time, because you can actually sell your seller financing to an investor who buys these.

I am trying to buy a 16 unit apartment complex and the seller is asking $690,000.00 and he is willing to finance $600,000.00 but he is asking for the $90,000.00 up front. The property cashflows great and is 100% occupied and has been for over a year, it has stayed 95% occupied over the last 5 years! Great property, great opportunity but I can't figure out how to get the up front money for the deal! Any suggestions will be greatly helpful!

Thank you,
Bryan Smith

Are you having problems receiving checks in the mail from the buyers you did seller financing or a lease option with? Are you worried about taxes and insurance being paid on time or knowing that they have been paid?

I recommend using an escrow account or a loan servicing center to collect and handle these concerns for you. I have seen an average fee of around $12-$20 a month for the general service. I make the borrower pay it each month.

I found this article on 100% financing that i thought was interesting. However, this financing is for owner-occupants, so this can help you sell your properties as long as the buyers have good credit. Charlie

100% real estate financing

I am looking at a 16 unit complex 100% occupied for over a year. He is asking $690,000.00 he will finance $600,000.00 and I need to somehow come up with the other $90,000.00 but with horrible credit! I am afraid I will lose this deal! It brings in $7000 a month in rents $3400 in pos. Cashflow! Any ideas on how to work this deal would be appreciated or what I can do to get a 2nd for the $90,000!

Thanks a bunch!!!

Bryan Smith

I am looking at a 16 unit complex 100% occupied for over a year. He is asking $690,000.00 he will finance $600,000.00 and I need to somehow come up with the other $90,000.00 but with horrible credit! I am afraid I will lose this deal! It brings in $7000 a month in rents $3400 in pos. Cashflow! Any ideas on how to work this deal would be appreciated or what I can do to get a 2nd for the $90,000!

Thanks a bunch!!!

Bryan Smith

I am looking at a 16 unit complex 100% occupied for over a year. He is asking $690,000.00 he will finance $600,000.00 and I need to somehow come up with the other $90,000.00 but with horrible credit! I am afraid I will lose this deal! It brings in $7000 a month in rents $3400 in pos. Cashflow! Any ideas on how to work this deal would be appreciated or what I can do to get a 2nd for the $90,000!

Thanks a bunch!!!

Bryan Smith