But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

These historical trends suggest that lowering the tax burden can free up capital for reinvestment and fuel a fresh wave of property acquisitions and development projects.But there’s more to the story than just tax cuts.

Also, credit score minimums are higher- often requiring a middle mortgage FICO score of 720 and above.

I had belatedly realized that FHA goes off personal credit and therefore I couldn't use the LLC for it.

However, if you choose to stay there for a bit and sell you'll get the first $500K of profit tax-free if you've lived in it for at least 2 out of the 5 years prior to sale.

If you have any more questions, I'd be happy to go through more so feel free to DM me.

If mobile home investing is a niche you want to pursue and you have questions, feel free to DM.

If you have any questions or wish to know more about the financing process, feel free to reach out.

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

Quote from @Austin McDonald: I'm using Capital One at 4.23% Ally: 4.25% APYMarcus: 4.30% APYM1 Finance: 5.00% APY (must be an M1 Plus member, but I believe they’re still offering free trial.