If you’re using a mortgage to buy the property, most lenders won’t allow you to put it directly into an LLC—at least not right away.

You may be declined for not being an owner occupant, but it will still buy a little more time.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

We let them invest in these homes with us by allowing them to buy a % when they collect/earn enough money.

Quote from @Crawford Peay: Hey just wanted to jump on here and introduce myself My name is Crawford Peay, I am located in Memphis TNI help investors buy and sell properties along with managing their portfolios in Memphis and the surronding area!  

We source off-market deals, manage rehabs, and handle property management so investors don’t have to be local to make it work.If you’re thinking about BRRRR remotely, the key is getting your team dialed in before you buy.

I don’t want to waste time (or money) bringing contractors to properties I might not even buy, but I also don’t want to go into a deal blind and underestimate the rehab costs.

It's great to hear about your success with this multi-family buy-and-hold investment.

Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.