And then you have an Operations LLC - a shell LLC that is the public facing entity, doing all the interactions with tenants, contractors, leasing, hiring, management, etc. with no assets and very little funds beyond whats required for proper capitalization and operations.That's the basic idea, but things get complicated from there due to the partnership, financing, commingling, etc - which is your current situation.

I have some clients that will now take my word on the condition and if its a good investment but that takes time to build a strong bond with your clients. 

I think there are far easier opportunities in the market (non real estate related) that can get me a measly 3% net rate of return (You might as well leave the money in the bank or buy a treasury bond which is much less risker and hassle free than owning real estate)Lastly Patience & DisciplinePurchasing your first property, or even adding to your portfolio only happens when its right for you and nobody else.

However if you do not have the funds to close on the deal yourself or have transactional funding available, then you have to do what you have to do and assign the contract to an end buyer. 

Hello,Anyone in SC understand how Bond for Title works in regards to owner occupied status for tax purposes?

I’m just getting things started and want to get into ‘buy and hold’ properties to bring in some additional cash flow.My wife and I have a decent amount of funds set aside, but I was wondering if it makes sense to open a HELOC on our primary residence and utilize some of those funds as well for a down payment.

Although I am still in the education phase, I’d like to gain an idea of how to fund my first deal by asking those who’ve surpassed this first step.

Should i keep the home and start buying multi families or sell it to get the funds for future deals?

Later, when you find a deal worth pursuing, you can re-advance the funds from your secured LoC.

I would not recommend contributing funds to do repairs until you get the title in your name.