This year I made it a goal to purchase my first property and my hope is that with the help of this community, I can make that goal a reality.

You want to buy a $100k property. - You pay closing costs with cash- You need $100k in crypto as collateral- You get a mortgage on the property for $100k with a lien ON THE PROPERTY.

I help facilitate out of state investors find performing rental properties in various markets in the Midwest/midsouth so I am going to be taking notes on the comments here! 

For properties under $300K, you can definitely find okay options in these areas.

When you do need an LLC is with MF properties or when you have partners.FNMA, FHLMC, FHA & VA all have due-on-sale clauses that may be triggered by transferring via a Quit Claim Deed (QCD) a property from your name to an LLC.

I'm not sure how this works when the seller of the property is listed on the contract.

Rental properties are owned by landlords.

I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property (expected sales price $3 million) that I could potentially convert to MTR.

I love this and do a similar exercise with our properties.

💰🏡Are you preparing to rent your property?