All Forum Posts by: Jake S.

 Thanks Corey!

 Thanks Randy, yeah im getting to the point where I need to start structuring it a bit more. Like you said, I kept it simple for a few years and it was the right way to go!

Id personally go the DSCR route so I can own it within a LLC and shoot for 20% down. The DSCR route is a hell of a lot simpler to get approved for as it looks at the properties performance and not your financial scenario. The drawback is a bit higher rates.

Im sure youll find a house that suits your needs eventually but yeah a good househack home can be tough to come by. Personally, I like owning where I live. I like the perks and renting has NEVER appealed to me. And as you said, Cardone is a salesman.

Best of luck to you!

Hey guys! Im searching for referrals to a solid Attorney to help with asset protection strategies and entity structuring. Trying to make myself and my plan "bulletproof"

Id appreciate any references! Thanks :)

Ray - Check out the AirBnB Calculator to help with your data 

Can always wait until you have a property lined up and ready to close on. But if you are planning on acquiring properties this year (in your home state), you could just open one now to save on time.

If you have no funds, youll need to perhaps bring in a partner and see if they can cover it. Itd also help you establish necessary reserves that will be required.

Perhaps see if you can get a loan on the 1.3m and see if the seller is willing to credit some of the down payment or if the lender will allow the seller to finance the down payment amount. This does add risk so you need to be dialed in on every detail!

I also dont think that interest rate you have is even remotely realistic

Connect with some local credit unions and see if they can offer you lines of credit

Ive had great luck connecting with local credit unions