Securing Private Money - Posted by Virgil Horner

Real Estate Investing Real Estate Financing
1

Posted by Ed Garcia on January 18, 2007 at 22:48:13:

Virgil,

There would be no reason not to secure them to the subject property. Even if you just use their money for down payment, you could give them a silent second and then record it after the closing.

I might have a few suggestions for you if I knew what you were trying to do.

You could substitute collateral, etc. An LLC would be of no value unless it had assets in it. Even then a prudent investor would prefer to lend against the assets, rather then to the LLC.

Ed Garcia

2

Securing Private Money - Posted by Virgil Horner

Posted by Virgil Horner on January 18, 2007 at 16:58:06:

Hello,

I wanted to know if anyone had any ideas on how to secure private money in a situation where we can’t secure them to the subject property. Can you secure someone to your LLC? Can you secure someone to equity you have in other projects. Let me know if you have any ideas.

Thanks,

Virgil Horner
New Element Real Estate LLC.
208-308-0703