The ratio of each starts higher with interest expense in the first month and then higher with principal in the last month. 

issued guidance saying that you can use LLCs if you get approved to do so.

We’d need to know a bit more about your current loan balance on the house with the 2.25% interest rate.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

Please consider this if you move forward.Additionally, you need to have a broker on payroll in illinois and three separate bank accounts with the security deposit trust account located in illinois.

However, our goal is to help 100k investors obtain financial freedom - hence the reasons why we provide many videos, podcasts, programs, and services to help with this journey.Unfortunately, we cannot promise that every deal we help you get under contract will close.

When did this happen?

When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

New Jersey is not a horrible state for investing it is more so certain towns and cities that give NJ a very bad name. 

This may take the form of a second deed of trust if the funds are being used as a down payment on an investment property with a conventional loan.