If they're asking for points going in at the closing table, that's normal.I'm in the process of doing my first private money loan, and the borrower will be rolling 1 additional point into the the loan.

Eventually you could consider borrowing against the equity in this property to acquire more properties down the road.I live in the Metrowest area (Natick) so down the road (after speaking with a bank) if you need help looking for properties let me know.

You would also not have to pay capital gains doing this, so it could be much easier with potential timing, as well as allow you to borrow at the extremely low rates now. 

Or are you saying you’re fudging the sales price and artificially increasing it to $700k and borrowing $675k after the downpayment so the seller can then give you the bank’s money?

Lender of 1st will not give me any info since I am not the borrower of the first.

If someone just has the money bot the other is doing everything, the person doing everything should just borrow the money like an HMN and not have a partner. 

Yes, transferring title from an individual borrower to an LLC controlled by original borrower is exempt from Due on Sale- D1-4.1-02 of the Fannie Mae servicing guide, allowable exemptions-a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).

But you can borrow just the exact amount you want at the moment, and gives the flexibility of keeping the line open without paying interest. 

Not sure many think there is going to be a big play for SFR'sAlthough I do think the Idea of Wills about picking off some BRRR investors who find themselves un able to refi could be a play especially if they borrowed short term money.. that is EXACTLY what happened to all of us HML in 08 to 2011.. 

Nonetheless, you numbers above would look like this:$55,000 - Purchase price, including $5K closing costs$30,000 - Down payment$25,000 - 1st Loan$100,000 - 2nd Loan - Not sure how you structure your financing, but I'm assuming this money is borrowed as well.$125,000 - Total debt on the property$200,000 - Sales price$12,000 - Commissions$188,000 - Sale Proceeds$63,000 - Check from closing ($188k, less the $125k debt)$33,000 - Profit ($63k, less your initial $30k down payment)