Each hard money lender has their own rules, you must talk to your hard money lender(s)

Some lenders even offer VA renovation loans, which could help if you find a property that needs a little work to maximize rental potential.Before jumping into a deal, check local rental laws and HOA rules.

If I should post in a different forum, or more information is needed, let me know. in columbus if you build multifamily you are entering the market automatically 20-25% below market and you have full control. every property we build we can build so you get 1% rule or better. build to rent development especially direct to builder and bypassing intermediaries like rent to retirement along with well selected land for infill will allow you to scale very quickly.

It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price (or $200-250k for multifamily).

Asking in the correct forum will get a better response.Read the RULES!

@Tidal Creek,You can use the 60-day rollover rule to access IRA funds for 60 days, but how are you going to pay it back if you use the proceeds to buy the land?

So yes, you can find over the 1% rule and positive cash flow here!

@Samantha Bartlett Yes, you can get a second FHA loan if you buy a home for your child as a non-occupying co-borrower, but your child must live there as their primary residence, and you must meet FHA guidelines for a second loan.An FHA 203(k) loan combines purchase and renovation costs into one mortgage, making it ideal for fixer-uppers.Pros: Low 3.5% down, renovation funds upfront, and lower rates than personal loans.Cons: Strict FHA renovation rules, longer approval process, and mandatory mortgage insurance.It’s great for homes needing major repairs, but if updates are minor, a traditional FHA or conventional loan may be simpler.This post does not create a CPA-Client relationship.

Or, If it becomes a legal case, under the rules of discovery, the owner of the trust has to be revealed.If the buyer is successful in hiding his ownership, he won't get legal notices of lawsuits and bankruptcy and foreclosure and change of servicer.

If a conventional loan is only available in your personal names, transferring the lot from the LLC to yourselves before the exchange could trigger IRS scrutiny and potentially invalidate the 1031 exchange due to the same taxpayer rule.