The approach involves using a hard money lender (HML) to fund 75% of the purchase price while having the seller carry back 25% in a second-position loan, allowing you to flip the property with little money down.

The City of South Lake Tahoe does not allow short term rentals.

Also, we have very competitive non-qm options that will allow you to avoid the overlays given when going with a GSE loan while also offering comparable rates.

If yes, then the other partners can just do a JV agreement internally which you can record at closing that allows you to still “partner” up on it but allowing the lender to still be protected if anything goes wrong with the deal or people borrowing. 

But it’s a risk you need to be aware of.What I’d Recommend for Asset Protection & Financing•If you’re worried about the due-on-sale risk, keep the rental in your name for now and hold off on transferring to an LLC until:•You refinance into a commercial or portfolio loan that allows for LLC ownership.

Whether you’re using the BRRRR method, seller financing, or house hacking, off-market deals allow you to maximize profits and build long-term wealth.

These forums don't allow political discussions, but you could discuss a particular policy, regulation, or action that impacts investments.

You also have to check out your current lenders MAX CLTV rules because it may cause issues with the first DSCR lenders original note/agreement.There are some lenders that have CLTV rules or will not allow a 2nd lien if it does not confirm with their Max CLTV similar to a 'Due on sale" clause.

would love to connect if your time allows this week

I guess an Islamic system that would allow halal lending only would be more stable and the little guys don't get screwed (think balloon payments in 2008).