I'd like to connect with someone who knows the local market as this is where I would prefer the property to be at since it is close to me.

Total property value is 5 mill.Loan term is ending May 2026.

Being more handy around a property to do some of the minor repairs yourself3.

But I draw the line when there is risk of damage to the property, annoyance to the neighbors, health concerns, pests, etc.

Hi @Brian Scott,With your low FHA rate, moving isn’t ideal, so using your current property’s equity could be a great option.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

So there really are no pros, in my opinion, to putting your property you're house hacking in an LLC. 

I have a chance to acquire a property that includes a mobile home park (100% leased) and a separate multifamily property.

I also talked to a property manager in the area asking for advice.

An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.