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This will be an alliance between Burlington & Gloucester County Subgroups in October.

October 11 @ 6:30 pm - Maple Shade, NJ

Standing on Your Own Shoulders to Reach a Refinance

How to efficiently use legal entities to create a shorter path to refinancing your investment property. 

In this economic environment many of us have to be our own bank; this panel will tell you about opportunities to cash you back out of a deal and get into traditional third party financing.  You will learn how to understand transactions between separate entities that you own to get to refinancing quicker.  

Mortgage Banker - Joseph V. Scorese

Introduction to explain how refinancing works and what the requirements are.

How people who are buying with cash are making it harder to refinance later.

Taxation/Accounting- Anthony Mallace, CPA, Esq.

Where is the money coming from and how does that affect this strategy?

What is the extra administrative cost per entity?

How to budget for and build the transaction costs into the overall transaction?

Dealing with transfer taxes

Tax consequences of forgiving the mortgage documents

Setting a rate of interest that is appropriate

Entity Usage and Formation-Jimmy Newmoon Roybal, Esq.

When to use the attorney--Planning phase

Who should purchase the property?

How many entities do you need?

Choosing the appropriate entity or trust

Setting up the mortgage documents

Forgiving the mortgage documents

Setting Up Title--Ronald Jablonski

Getting the insurance commitment for the correct party

Dealing with the mortgage note to your entity

Recording fees

Insurance - Kim Grollman

How to properly insure the property that is subject to a mortgage interest?

Should you get mortgage insurance?  Are you eligible for mortgage insurance in this structure?

How can insurance coincide with your choice of entity (ies)?

Mortgage Banker - Joe Scorese

Closing and summary.

Reminder of what the requirements are to qualify for refinancing.

Parting message:

This is a sophisticated strategy and must be executed correctly from start to finish ensuring that you have the best opportunity for great results so you should employ a team of professionals to assist you.

Location:  Uno Chicago Grill (aka Pizzeria Uno)  2803 Route 73 S Maple Shade, NJ 08052-1622, (856) 722-5577

2nd Thursday of the Month
Time:  6:30-9:00 pm

SUBGROUP LEADER: Joseph V. Scorese