It won't be long before the mom-and-pop investors are unable to keep up and everything will be handled by Property Managers or large corporations.

The classic FICO credit score is produced from software developed by Fair Isaac Corporation and is available from the three major credit repositories.

This situation is gonna be much more casual and less corporate than a traditional landlord tenant relationship.

Our goal is to get out of the corporate “rat race” and live off of passive income, while enjoying time with our family.

I've heard of (1) another investor who has private lender financing to fund 100% purchase price + light rehab + furniture with 5 year term at 10%, (2) someone else who has an institutional line of credit for similar projects at 7.5%, (3) another investor who was able to raise a blind 10 yr pool of money for corporate housing properties at 6.5%.

If the owner is a corporation, the name, address and telephone number of the president of the corporation shall be posted. [410.481]You can find the full PDF here: https://www.sec.state.ma.us/cis/cispdf/Safe_and_Sanitary.pdf

@Teresia Saylerdouble taxation is normally referenced to corporations where a tax is paid by the corporation and again by the shareholder when there is a distribution.There is nothing that screams "double taxation" with a 401K.I would take a 401K loan over a hard money loan every time if given the option.

Hi Steve,It also comes down to comfort levels of whether you like to micro or macro manage your funding pools as well as your own personal financial auditing style.You also need to keep legality in mind as to whether the property is setup under a personal or corporate entity in order to protect yourself or your personal assets etc. 

I am a member and corporate sponsor of the SWFL Reia group.

I've been listening to BiggerPockets for a while now, but am just now posting for the first time.Back in October of 2017, under the burden of a significant amount of student loans and the realization that corporate life isn't for me, I decided to make financial freedom my number one goal.