With current interest rates, and they are at least 1% higher with potentially additional points for non owner occupied property, it is hard to find properties that will allow for positive cash flow after paying the mortgage, if you are looking for money for the down payment from a private lender, those are normally at higher than market and I am not sure it would be possible to pay it off.... please remember you need to take into account that you may not have a tenant for a certain amount of time, a tenant may stop paying rent, or you will have a big ticket item to fix, so I would wait if I were you and save to have enough for the down payment and closing costs and perhaps some money set aside for repairs. you also want to make sure that you have your own emergency fund outside of the money needed for the investment property because life happens ....

This is just bad banking practice and FTC should be aware of digital platforms like Baselane in many ways abusing their powers and washing their hands off. 

House hacking has completely changed my life (I've done it twice in Reno, NV), and I highly recommend it as a strategy starting off. 

Hello, Do I have to disclose my Massachusetts Salesperson License when buying an off-market property for investment purposes?

If they can afford to stay, chances are they need to refinance and get the X name off the loan.   

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

Looking forward to your recommendations.Hi Shayan, if you're pulling home equity or a HELOC, you will want to find a value add property that you can refinance and pay off the HELOC asap.

It may have looked good in photos, but something would have felt off! 

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

The buyer may pay off the remaining balance at any time without penalty.2.