Total property value is 5 mill.Loan term is ending May 2026.

I rented a property to a tenant 6 months ago that was squeaky clean according to RentSpree.

I'm particularly passionate about eventually having multi family properties Outside of real estate, I enjoy traveling to new places, new restaurants, and hanging with my Doodle. :) Excited to learn and connect with you all!

I'd like to connect with someone who knows the local market as this is where I would prefer the property to be at since it is close to me.

Hi @Brian Scott,With your low FHA rate, moving isn’t ideal, so using your current property’s equity could be a great option.

So there really are no pros, in my opinion, to putting your property you're house hacking in an LLC. 

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

I have a chance to acquire a property that includes a mobile home park (100% leased) and a separate multifamily property.

Being more handy around a property to do some of the minor repairs yourself3.

Are you sure you are not just doing replacement therapy and you really should be buying a property?