They might pay you 20% of the value for 25 or 30% ownership but then you are giving up a chunk of equity and likely put yourself underwater again with your 1st position mortgage.

If I were in their position, I’d likely do the same.

Close fast, stay in comfortable LTV positions is the name of the game.

Ideally we hold forever (cash flow positive) or we 1031 to another property.Thanks in advance.

Also, as others have mentioned, most institutional lenders do not lend to LLC's and have never given me any good reason for their position, since the owner is always required to assume personal liability via a personal guaranty. 

I'm lucky to have a stable government job with a decent salary. 

With lower entry costs and solid growth potential, he was able to snag a couple of properties that started generating positive cash flow pretty quickly.Sometimes a new environment brings new opportunities.

I join Bigger pocket a few months back when my wife and I decided to no longer allow the Salary bribe control our lives.  

It is easy to point out areas where things might go wrong, but I am more curious about the positive side.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).