I currently have an LLC with a partner and we fix up multifamily homes and keep them long term.

I strongly recommend not getting a refrigerator with a water hookup they often leak and damage the floor or the downstairs unit or attract mice to the source of water.

Also, if you did end up wanting to keep the property, the laws there are landlord-friendly and cashflows are still strong.

To keep it simple the debate is, if someone wanted to work with you, or your current LLC on “partnering” to get an investment property.

I strongly suggest finding a partner that does have experience.

Cleveland presents a promising opportunity with its strong rental demand as a result of its lower housing prices.

I had a new PML ask me about the difference between a Loss Payee and a Mortgagee so I thought I would share some commentary from my insurance agent partner on the subject: Quick point of reference between the difference between Loss Payee and Mortgagee:Mortgagee: the Lending company/entity that lends the money for the propertyLoss Payee: an entity or party that has an insurable interest of said property.

Regarding Multi Families, If I don't have enough money, is that possible to find a partner? 

Hey Momar, this will generally depend on what you're after, if you're looking to cashflow, look into Cleveland, its reliable rents and predictable income could be a strong contender.

@Chad Herringunless:(a) you have both substantially more capital than the amount you are looking to lend, and (b) you have expertise in real estatei would strongly recommend not doing thisprivate lending is an advanced strategy, not a beginning oneand what flipper needs just 25k??