For loan to LLC sign as additional guarantor rather than co borrower10.

We each hold a 50% interest in the LLC.The values of each house are approximately the same, and there are no loans or outstanding debts.He wants to cash out so we thought a good strategy might be for us to sell one of the houses, and let him take all of the proceeds, and for me to take full ownership of the other one.Essentially, I am looking to swap my half interest in one of the houses for his half interest and the other one.

An example of a recent seller carried transaction was a $335k purchase with $35k down payment $300k loan amount at 5% interest only on a 3 year ballon.

It is true that does not apply to investment property, but what happened was that first time home buyers that did not qualify for a home loan were trying to circumvent that Dodd Frank rule by saying "oh, this is a rental property" (wink wink) and then move into it...basically creating a no-income verification loan.

Investment loan Lessons learned?

If it was solely my decision I would buy a new building to house hack every 14-16 months and build my portfolio using low money down owner occupied loans.

I'm wanting to purchase and rehab or build in rural Ga but would like to talk to a good loan officer who can let me know if the location and me qualify for a USDA loan?

Look at online reviews.