In their case, the loan wasn’t assumable, but it opened up a lot of interesting conversations with the lender.Assuming your loan is assumable (and I’d definitely get that confirmed), the buyer’s intended use of the property usually doesn’t affect the transfer.

the only ones that make this work are LAWYERS and PRIVATE Detective type companies .. the only ONE"S making money on this are these guys just dusting off OLD material joining the modern SM craze to suck in newbies that think they found some new system  LOL.. 

Plan is rehab it rent it and refinance it to pay back private money lender.

Most areas of the metro you can rent to an individual for $800+ month / room and even more than that if you're renting a room and private bathroom. 

As a Private Money Lender, I had the resources available to broker a short term loan to buy, fix and hold.

I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages  But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.

Also if you have leaks in one unit and not the other then the other tenants are paying for that.There are services that put a private meter on each unit so the tenants are billed on what each consumes  versus averaging out.

Rents increase 5% annually on average here.My mom is excited about the opportunity and is willing to contribute her 401k towards the 15% down payment on a hard money loan or less if we find private financing.

Quote from @Abhishek Singhal: It's hard to give the answer without knowing your contract, conversations, and other factors.I manage 400 rentals.

Hello Everyone,I've had a few interesting conversations with investors and real estate agents this week, and it got me thinking more about the relationship between property managers and their clients.