There are very few lenders that will allow you to close in a personal name in FL.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

Liability Protection: An LLC provides legal separation between your personal and rental property assets, which can protect personal assets if a lawsuit arises.

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

If you close with a conventional loan, it will need to be in your personal name.

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...

I am looking at a 5 unit building that I want to do a condo conversion on. 4 units would be vacant 1 has a rent controlled tenant in there who does not want to move. I would owner occupy it so I don't know if I have a...

Quote from @John Friendas Quote from @Patrick Roberts: If you are on the note or personally guarantee the debt, then it will affect the liability side of DTI, regardless of whether the lender reports the loan on your personal credit.

@Ryan WasherHey everyone, I'd be interested in attending an in-person or virtual meet up also.