If you are in terrible hardship you can get a loan against the IRA but don't do it to pay credit cards.Get a second job, maybe something for cash and skinny down on what you spend to nothing.

Considering we bought the home before getting into real estate investing, I don't find it to be a terrible deal as it would cash flow with 4 tenants.What made you interested in investing in this type of deal?

The only cons to these products are a bit higher interest rates, lately I have seen 4.875-5% which is still not terrible.

Hey Mario, just to preface I have not done this myself, however I am not terrible at research and I was able to find some stuff. 1) I think that you can transfer after you purchase but incur some taxes and other fees which I talk a little bit about below so if you can find a loaner that works with an LLC I would set it up beforehand so you don't pay a bunch of fees twice. 2) the basis of an LLC is to limit what is liable in the case of a lawsuit.

Putting together a terrible bid isn't fraud, that's what I was responding to.  

I think this would be terrible for multiple reasons.

I am usually buying distressed office space that is in terrible shape and looking to rent quickly to get the building stabilized and pay private lenders back.

IMO, text message marketing is a terrible idea.

If government really is so terrible at implementing and running things, private landlords shouldn't be concerned with a little competition, right? 

What I wish someone would have told me back then is that the 50% rule is a terrible approach to analyze an STR.