All Forum Posts by: Josh Hubbard

My partner and I established an LLC in October of last year - the same month that we purchased an SFR. There is no mortgage on the property and after rehabbing, it has been rented since March. We are attempting to BRRRR the property and are in the process of working through the cash out refi. Lenders are saying that because the LLC is jointly owned (50% for my partner and I) we are unable to do the cash out refi and that if we take it out of the LLC and put the deed into our names, we'll have to wait the 6 month seasoning period. Any insights into this matter would be greatly appreciated.

I'm considering options to finance my next deal - I have an inheritance that's structured to be used in retirement although I've accessed funds from it for down payments in the past.  I'm curious if obtaining a loan using the inheritance as security is an option?

This is for Chris - what have you found the best vehicle to invest in partial notes?

All very helpful points - If my partner and I bring 40k to the table and use private money for the remaining 100k we will be more reputable / accountable for potential lender. What about using a line of credit on the three properties in our portfolio (one SFR with 90k equity and a duplex with 20k equity)?

My partner and I are considering the most optimal way to structure the private money portion of a potential transaction.  We are currently looking at a 11 unit apartment building that would require approx. 140k down payment.  We have colleagues that would take the opportunity to lend and we are considering ways to approach / structure the deal.  Ideally we would borrow the entirety of the 140k, keeping our reserves for maintenance and other expenses on the property.  Additionally, we currently own an sfr free and clear that would appraise for approx. 90k and a duplex with 20k of equity.  Any suggestions on how to approach this?

My partner and I are considering purchasing a rental property, primarily for short term rental purposes in Chatanooga, TN.  I was hoping someone could provide a synopsis of the regulatory taxes / fees that are imposed by the local government.