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Updated over 1 year ago,
Loan Terms:SF/MF 1-4 Rentals,LLC vs Individual w/ Only Property Cash Flow Considered?
Before diving into long term cash flow properties, I would like to clarify the finances needed in this economy of high rates.
For the first property, I will use my primary home HELOC to purchase it by cash and then refinance the property to pull the cash out, and continue the scaling process. For long term rentals to cash flow, 15 to 30 year amortization would be required per my calculations. Hence, I would like to understand answers to below lingering questions:
1. If an LLC owns the rental property, are there loans w/ 15 or 30 year amortization where only rental property cash flow is considered by the lender instead of LLC's income/debt finances ?
2. If an individual owns the rental property, are there loans w/ 15 or 30 year amortization where only rental property cash flow is considered by the lender instead of that individual's income/debt finances ?
Thanks in advance