I'd ideally like to do this process and not cost much money, but having a good roommate does matter to me.

.: The applicant needs a social security number or an individual tax ID number (ITIN).

@Yooni ChoiFor a first property, $100/month in cash flow might not be ideal, but it’s acceptable, especially with a house hack.

I would be open to a 3-4 unit, but my ideal sized property would be 10-20 units."

I dont know of anywhere that you can cashout $270k against equity in an RE portfolio without closing/origination costs other than through a private banking relationship as a HNW individual.

There's some excellent relevant & recent material from very high quality individuals on this forum.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

Building connections with like minded individuals to help each other achieve their goals is priceless.

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

The sellers are mostly hedge funds selling non-performing mortgages and the buyers are ideally local investors who would be likely buyers for the REOs once the foreclosures are completed.