Instead of piecing together information from random online sources, you get a cohesive learning experience.4.

No.But you do see their website online, right?

For financing, would we then want to get a DSCR loan under the LLC or should we start with conventional loans under our name until we hit a certain number and then move them over?

I have done hard money loans for my places in baltimore .

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

if your loan is 154k  then this prop probably appraised for loan purposes at 200k or so. and that price point is usually in a decent area or street..

Hard money is a type of business loan for non-owner occupying investors.

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

There may be requirements to cover the trash service depending on the town.My first commercial loan was 30% down, 20 year term (adjusting after the first 5 years).