Tips & Traps from Ron’s Book, Getting To Yes With Your Banker December 2013 Tip No. 15 – Get New Money on Existing Loans On real estate loan, you can’t get new money after the loan is fully funded in most states. Let’s look at what that means: Say you get a $500,000 loan
Tips & Traps From Ron’s Book, Getting To Yes With Your Banker July 2013 Tip No. 10 – Don’t Stew Over a Boilerplate Who doesn’t hate boilerplate in legal documents? Just trying to read through all the fine print seems to take days. It’s an eye test! Here’s the bottom line on boilerplate: It isn’t
Tips & Traps From Ron’s Book, Getting To Yes With Your Banker October 2013 Tip No. 19 -Choose the Legal Entity to Maximize Tax Benefits and Minimize Costs Make sure you get legal and tax advice on this one, but one tactic I used was to place real estate title in a single member LLC.