hello friends For the professionals among you I would love to wait By purchasing a multi-family together with a local partner...
Ahlan, friends
To the professionals in you
I'd be happy to be smart
In the acquisition of Multi Pameli together with a local partner
For the purpose of taking out a mortgage
The partner claims to have an operating agreement filed with the bank
The bank looks at everyone's record, and then the Israeli investor has no record at all, so if he is listed in percentages of buyers below 20%, then it can be smoothed out somehow and he will approve a mortgage
This means either your local partner or Shalmi has a personal guarantee
He must have the most percentage
He claims that after taking out the mortgage, we will change the operating agreement and divide the percentages as agreed in advance
But to take the mortgage is best to do as I wrote in the first paragraph
is it true?
And if so, is there a loophole since it is possible to register as agreed in advance in the operating agreement and submit to the bank
How do you work with investors in deals with a local partner?
In terms of reporting to the bank?
And in terms of what percentage of the asset do you give the investor?  (Not talking about the return on the partner
And I'd love to know what the transaction constellation is in terms of percentage distribution and profits
In your opinion, the best in a multi-initiative deal would be a local partner and investors
And whether to oblige any local partner to make money
PS The local partner takes care of the whole deal
He's the boots on the ground
Takes care of everything management partner on the management company in short
An active partner who also does all the hard work
I will be happy to answer
Many thanks in advance
❤️ Luzi Maatuf
Hello Lucy - For the purpose of purchasing a multifamily in the United States - I guess it is a profitable property - and you have the necessary down payment, you do not need a local partner !!! If you want to take a mortgage from the bank - then you need to consult a lawyer on how to build the deal !! Happy to help with advice - absolutely free You are welcome to call WhatsApp - + 720-688-0768 or call directly at reasonable hours Michael Bitton Danli Consulting Group LLC Own
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The local guy is right and even gentle. There are many guys who do not introduce the investors to the bank during the signing process! During the inspections and signings, the bank will check all the partners and ask for signature material from each of the farms, but the weak ones will affect the entire transaction. Therefore, the strongest borrower is presented to the bank and he also serves as a "general partner". After signing and writing the financing, the other partners are brought into the company, of course with the approval of the bank. As long as the general partner does not change and the new investors enter as a limited partner, the bank should not have a problem with it
There are simpler ways to get involved. It's a pity to put in so much effort
The local guy is right, as an outside investor without any immigration documents in order you are quite in trouble.
The most convenient option in my experience is to take 50% LTC and move on from there.
I'd be happy to help you with loans this morning that I'm representative of
You have no ability to change OPA after signing a commercial loan without the lender's approval!
If you do it without permission it's an offense and you really don't want to be there!
It sounds to me like you're getting into a partnership that you do not really understand things in depth and more sounds to me that your partner is trying to do things in a crooked way…. Do not recommend you to go this way…