There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

But then again every lender that is not my commercial banks I find frustrating. :)..

For almost any kind of permanent rental/investment property financing (whether Conventional, DSCR, or local bank), you are going to need a decent credit score to qualify.

How much are you spending on tax filings, anderson advisors, banking and checking accounts per year?

You’d need all those zero and $7,250/mo just to earn a 4% return on that $275k when you could earn more guaranteed in the bank.

And a couple houses from random lines of credit from banks.

Purchase price: $1,000 Cash invested: $15,000 Sale price: $34,500 Bought this property from Detroit Land Bank Authority.

Almost every dollar I make (active or passive) has a job when it hits my bank account.

If there’s anyone that attended one of these MFM seminars and is considering it, let’s connect as I believe we can create a win-win and you can actually be an investor rather than a piggy bank for shops like them.  

If you’re working with a community bank or a traditional lender, these issues may not be as relevant.