I also felt the flexibility of doing them individually could be worth it in the long run.  

All commercial loans will now have new covenants if borrowers do not provide timely personal financial statements, personal tax returns, business tax returns, rent rolls (if applicable) timely.Personal financial statements and rent rolls (if applicable) are due within 60 days of the expiration date of the personal financial statement.

More important than what you owe on your current home is why are you moving and what did you pay for it.If you’re moving for a lifestyle upgrade or other non-financial reason go ahead and move.

I'm open to any financial advice you may offer regarding our current situation.

You have broke college kids who are relying on financial aid to pay their rent.

As an individual, it is hard to open an efficient, responsible, profitable out of state network because as an individual you do not provide that much value for an agent or a contractor to run around and cater to you.But when you are part of a group that closed on over 4 million in real estate in six months and brought in over one million in local rehab dollars and put 50+ people to work and paid the city inspection office for all the permits, inspections, and reports then people cater you to. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

.🤔 So, why not leverage the full potential of your financial resources?

I'm eager to connect with like-minded individuals and continue learning and growing in the real estate market.I am interested in buy and hold or fix & flip deals of SFH up to $250K all in.Looking forward to engaging and building connections with the community!

We're Ruth & Sam - aspiring real estate investors in the Bay Area, eager to learn from experienced individuals like yourselves.