Seller Financing into Long term debt service products

[Jamie Parker]

Hello BP,  It's been a while since I have been active in the forums or on the platform. With that being said I have found an opportunity to get back in the game. Looking for some understanding about because of my planned exit strategy.
I have some questions about: 

1> Cash Out Refi LTV: Single assets versus multiple properties

2> Terms and best practices:

3> Utilizing a Realtor

4> Personal Guarantees: Stabilized/ Performing vs Personal credit

Set up:

Utilizing non amortized seller financing to acquire the property @ 35000/60 months.

Rehab Estimates are not in in yet the property. Stone outer shell, Burn out. 

Engineering Report has declared the property re buildable 

Goal to to be all in under 80k

Based on lose comps 120K today would be the resale value to hit as a 3/1.

***as true numbers come in will update post****

This will be my first rehab all time!! pretty excited, in that same excitement, because of my experience in acquisition/dispositions I believe i can find more properties under the same strategy.

Question

1> Cash Out Refi LTV: Single assets versus multiple properties:

If all properties are performing how many should be considered into 1 portfolio loan, or should properties be enter into loans separated then combined?

2> Terms and best practices:

What are some ways to better set myself up to qualify for long term debt service products?

3> Utilizing a Realtor

When should i use a realtor or how could i utilize the aid of a realtor ?

4> Personal Guarantees: Stabilized/ Performing vs Personal credit

Going in all cash on this project, Ultimately want to cash out on the refi, What should personal credit look like (restructuring), Doing the project in my LLC, will my personal credit matter? How does the asset need to perform to qualify?

Thanks for any insight or advice

thanks

[Rose Jones]

I would consider using a realtor if the property is 20,000 or more and yours meets that benchmark.