I have purchased an off-market property from an investor who now wants to sell the rest of his portfolio.

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

As you purchase more, your net worth will go up more quickly than the savings in interest with the other option.

Since you’re assuming this debt as part of the purchase, understanding the exact amount is critical.

However, if you’re open to purchasing an investment property before your primary residence, you could likely qualify for a DSCR loan.

I worked with a travel nurse who does shift work and 5 lenders said that they couldn’t finance her primary residence purchase and I ended up making it happen for her. 

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.I do not have the mortgage yet, just the purchase agreement.

For a new agent to land a listing they typically over promise a seller a high price to win it and then spend money trying to find the magical buyer to purchase it.

If I purchase in California, I would most likely do a House Hack as my primarily.

Purchase price: $375,000 Cash invested: $87,000 STR What made you interested in investing in this type of deal?