There are DSCR lenders will allow only a single 20 or 25% owner of an LLC to sign a Personal Guarantee (other owners are not on the loan, or liable for the loan).

I financed the deal with a conventional loan and bought down the rate from 7.75 to 6.25.

Also, with a VA assumable, if the one assuming the loan is not a veteran, then the seller (veteran) entitlement will still be tied up in that property.

Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.

If you’re paying off less than $800/mo on your loan id say sell come April selling season.

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

If it is a good business with a hard to finance issue, he'll work with the loan team to figure out how to lend to them.

The cause of the 2008-2010 Great Recession was bad real estate loans - if you could fog  a mirror, you could get a mortgage!

Give me a shout if you'd like a rate quote for your DSCR loan.