All Forum Posts by: Brandon Kessler

Can anyone give me some insight on how to exhaust your traditional loan funding wile using an LLC? I know its possible to transfer over later but the due on sale clause could be exercised.

Any feedback would be great. 

thank you. I'd be happy with 21%. But with my limited funds I'm trying to use less liquid as possible. :) however, if I have to go that route I will depending on the sell amount. Thanks for your input. 

Yes.  You have been very helpful. I was also asking if you saw any possible snags along the way if we went the lease back route. As i am not to familiar with thr process. I figure as long as all the paper work covers all potential issues it should be a win win. 

Ah...yes I planned on moving in for a year improving it some then renting it out. Just hope fha will allow up to a 6 month lease back. Thanks fr your impute sir.  

also she mentioned at least back from 6 to 12 months from most lenders from my understanding I can only do 6 without it being considered a investment property

what you mean there is no coc..like they do not allow that as a factor to a prove the loan.  

The example above is if all goes well...

1 she agrees to sell at 260k very low end of comps. 

2. She agrees to pay market value rent once deal is closed. 

She will.probably be wanting 6months-1 year lease back agreement. 

I was hoping to avoid putting 20% down by moving in initially. But I think most lenders requir 20% after 6 months and it's considered an investment property. 

10400 down 

Mortgage plus tax,Ins,taxes ect. 

1679

Monthly rent 2600-2800 I'll use 2600 just to make it simple

2600-1979= 921 cash flow 

921x12= 11052/10400=1.1 

Well if I am am correct and all goes well it will look something like this.

Currently came across a women looking to sell her house. She seems very motivate to sell and has agreed to sell on the lower end of the comps if we allow a lease back. 

Anyone have experience with this? Any way as an investor to use this as leverage?  Any advise would help. Thanks