It's always best to get a second pair of eyes. 

It's kind of like asking "should I stab my leg with my pen or with a pair of scissors".

I don't have quite that much in my pockets right now, or I wouldn't need a second pair of pants to keep me warm out there. (40° for those who don't live here)I appreciate the reminder that the information is on Bigger Pockets.

. :)  If you would like to compare lenders or to have an extra pair of eyes helping you find your multi-family, let me know and I'll be happy to help! 

I think I see a pair of scissors and a directv logo so I have no idea what's going there. 

Most banks will only lend to me in my own name at the 5%, but that defeats the purpose of having the LLC in the first plae plus I would have to incur a pair of transfer taxes. 

@Noah Mencia It looks like they are pairing up 2nd home owners with a PM and guaranteeing a certain income.

Details:PROPERTY(S): 5 Residential Units / 1 CommercialPURCHASE PRICE: $575,000Loan Amount: $427,500 ($402,500 Rehab holdback + $25,000 toward Rehab Cost)EXPENSE DEPOSIT: $3,995Value at Least: $625,000Origination: 4% of loan amount – Paid at closing LOAN TERM: 12 months w/ 6-month ext TITLE INSURANCE: PAID BY BORROWERAmortization: SelfINTEREST RATE: 10.99% I/O LOAN: $3,912The property cash flows $7,315 and my expenses would be $6,509.08 = $805.92 (income) FYI: RE-FI would be 5% either on a 15 yr or 30 yr loan I have to come up with $172,500 as well as $17,100 for closing & $3,995 Expense Deposit = $193,595 If I can have a second pair of eyes on this deal to help me with any concerns that I may not see.

After nearly six months of listening to the BiggerPockets podcast, reading as much as I could get my hands on, and analyzing a few deals every day, I just submitted my first offer on a pair of multi-family buildings in Phoenix.

You can cash out to buy 100 pairs of designer shoes if you wanted (but gosh please don’t).The HELOC qualification process is just like a mortgage.