Before seasoning period ends, I want to sell to my younger brother who purchases with conventional mortgage.Is there anything wrong with this idea?  

I'm thinking I can get a nice purchase price if I under cut the banks by 1% and offer 15% required down as opposed to the traditional 20%.

@Amir PortalRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Just curious, what did you end up purchasing after and why?

I purchase my personal investments to maximize their equity and hold long term.

In this case my plan is to use a HELOC on my primary residence to purchase the property in Puerto Rico.

We use our HELCOC to fund our investment properties (purchase and rehab).

I'll bet if you take this strategy on a forum that consists of accredited investors or qualified purchasers, you'd get laughed out immediately.

Purchase price: $376,613 Moved to Orange Park, Florida, from Delaware three years ago, choosing this home as the perfect place to settle and grow.

Looking at purchasing small 3 BR 1 BA house.