Snow ~
Completely agree with Laguna. Most bankers/accountants/custodians will tell you the same thing, either because 1) they don't know any better, or 2) they don't offer any such investment opportunities from which you can choose!
We use Pensco Trust, and are pleased, overall. If anything, I think they're still a bit too conservative in telling me what they will and won't approve. Come to think of it, I may check out LL's custodian!!
I've only found one lending company who still offers non-recourse loans. Basics are that you put down 40%, leaving at least 30% of the prop value in cash to cover expenses, vacancies, etc, and the min property is 900 sq ft, IIRC. PM me if you want their contact info. Altho I'd be interested to know if anyone else has a different non-recourse lender!
Completely agree with Laguna. Most bankers/accountants/custodians will tell you the same thing, either because 1) they don't know any better, or 2) they don't offer any such investment opportunities from which you can choose!
We use Pensco Trust, and are pleased, overall. If anything, I think they're still a bit too conservative in telling me what they will and won't approve. Come to think of it, I may check out LL's custodian!!
I've only found one lending company who still offers non-recourse loans. Basics are that you put down 40%, leaving at least 30% of the prop value in cash to cover expenses, vacancies, etc, and the min property is 900 sq ft, IIRC. PM me if you want their contact info. Altho I'd be interested to know if anyone else has a different non-recourse lender!