Hi all, I remember hearing a BP Podcast about refinancing properties, there was a comment made about refinancing out of an LLC that you own - as long as “your arms length away”, but this method was not expounded upon.

You can rent out your primary home for up to 3 years as long as you have lived in it 2 out of the last five years and not have to pay capital gains tax when you sell. 

At this point, I know that in my market I want to start with wholesaling.I am going on realtor.com and other similar sites and texting/calling 10 agents a day just to say I’m an investor and I am looking for good cash deals.I firmly believe that as long as you have a good deal then you’ve got something to work with.

Most deals don't necessarily go exactly as planned, but just as long as you are on top of the problems when they come up then you will be ok.

One article said that the SBA lenders have discretion as long as they have one unconditional guarantor.

As long as you are confident that you can afford the mortgage, I would get a multi-family with an FHA loan and rent out the extra room. this way, you can at least pay a reduced mortgage and build equity over time.

Hi @Alex Castillo, Yes, any type of real estate will qualify as long as it is held for some type of rental, investment or business use. 

Figured as long as it was agreed upon in a contract, it should be ok; but definitely worth confirming.  

Borrowing against an asset is allowed as long as the payment is annotated since that payment is required to be paid back by you. 

The plan is to live in it for a year save money move out and rent the property and rinse and repeat for as long as the bank will let me (I read they will only let you do this for 3 or 4 houses.)My wife is scared of having 3 or 4 loans so she wants to try to pay the first house all the way off then proceed to purchase the second one thereby collecting most of the rent as profit, me on the other hand I want to put just a minimum % down purchase a property save up money for another down then moving to the next property and renting the previous property out and then doing that 2 or 3 more times until we have 3 houses where the mortgage is paid for by the rent each month with a little bit left over to save.