But I also want to give him security of having a lien on a property that is not the subject property.

There's a great book on this subject called The Value of Debt in Building Wealth that debunks the obsession with paying off mortgages early, which makes no financial sense.

Happy to help with some referrals if you need any.Also, a great resource I learned a lot about BRRRR is by listening to free audiobooks about the subject.  

Thank you for sharing on such a personal subject.

You can do DSCR loans or Hard money loans, where they only focus on how well the subject property performs in terms of the rental aspects or the ARV aka after repair value.

Rents received by the owner of the property are not subject to self employment tax. 

They are subject to the rates from the lenders they work with. 

Whether buying this subject triplex is a good investment will depend on what your goal is with buying real estate and what your definition of a good investment is.

Buy Box:- Creative deals only subject to deal - < $600,000- >2000 sqft living space- No HOA- As many bedrooms as we can get - At least 2 bathrooms- ADUs are a huge plus- Cosmetic rehab is preferred but will entertain light rehabs under $10k.- Close to transit preferred- Close to jobs/shopping

Hi I am 20+ years a broker and past investor into lease options and assumptions.  I'm just recently getting back into it and working on expired listings. As you know all areas have been challenged with over priced hou...