We love the city and the market there but one has to have a great team on the ground and proceed with caution.

Not really, as long as you are up front with a lender, most would just require you to show them the establishment of the LLC/accounts and then could proceed with that.

What would you do with the proceeds of the sale?

A similar proceeding should be followed even if there is no written lease agreement to begin with.

This approach allowed us to proceed quickly and efficiently, ensuring the project stayed on track.

This approach allowed us to proceed quickly and efficiently, ensuring the project stayed on track.

I will proceed to explain my property and ask several questions about what insurance should i get.Property Details:It is a 3-story townhouse classified as a condo, it is a new construction finished in Nov 2023.

Using loan proceeds to purchase another primary residence is considered consumer purpose and would not fall within DSCR guidelines.

Take for example, if I wanted to use my proceeds to do a 1031, can I even do that if my name wasn't on anything.

I reported to the bank check may have been stolen so please proceed with caution if the check shows up.