-based, Associate Digital Bookkeeper certified, QuickBooks Online Pro Advisor certified, & Bookkeeping for Real Estate Investors certified.

., they ignored warnings that the tree was dangerous).Check the LLC's Assets: You can research the LLC's assets through public records or online tools (like your state's business registry or property records).

. - We don't have a "Rep" at MSI Chicago because they are so big and just do everything online - at least from our experience.  

looks like they have a lot of equity ($250,000 or more) and a recently refinanced mortgage of $120,000.  

It takes 30-45 days, can be done online and needs to be renewed annually.

@Jason Smith you may want to consider moving a few of those loans with comparable current interest rates over into an LLC and refinancing them into a DSCR product.

Even if they refinanced it still has to be cash flow positive (assuming they refinanced during ZIRP).

Invested $40,000 with the online store.   

Since you already have the cash, you can avoid that added cost.Lower Risk: By purchasing outright, you're minimizing your risk and giving yourself time to learn the process without the pressure of loan payments and short-term financing deadlines.Better Refinancing Terms: After you purchase and stabilize the property, you can refinance it with a traditional lender at a lower rate and pull cash out for your next investment.This approach keeps things simple and allows you to focus on learning without the complications of high-interest debt.Let me know if you need more advice!

Let's say that my first house hack using FHA loan was bought for 220k and then once it is refinanced into conventional, I try for another FHA but this time it is a 175K property.