If you do take a loan from your 401k type account, investigate the repayment rules.

It’s a little less than our 1% rule.

I will caution you on the short term rental... the city had issued a moratorium on any and all new licenses while they conduct a 9 month study, and then issue new rules and regulations for STRs.

Even if I was in favor of the new rule, they never asked me if I "live there" or not.I contacted the HOA to ask what had happened and they told me the executive board has the power to do whatever they want with the parking spots. 

@Amul S.Sure thing - Lenders go by the appraised value of the property, and lend you 70-75% of it's value.In order to do a successful BRRRR and cash out on all your initial capital, you need to make sure you can renovate and increase the value enough so that it meets this "rule", and you can get most if not all your money back and to pay back the HELOC.If your property appraises for 100k, most lenders will lend up to 70k-75k.I put the word rule in quotes because different lenders have different guidelines, but if you are looking for a conventional bank product like a 30-year fixed rate loan, Fannie Mae has their guidelines on how much they can lend up to.

As a general rule, each general partner is liable for the actions of the other partner as part of the partnership.

Not quite the 1% rule but some busy months we get close!

@Joshua Von Schlutter if you are using a conventional loan, Fannie/Freddie will allow 15% down...some banks don't follow this rule but it is possible to get 15% down on an investment property. 

I’m not sure what the rules are on this website, so I don’t want to overstep my bounds, but you can find the YouTube video with some more info by searching “Cambutal 308 acres”As far as utilities go, the property has a natural water source and city power is less than a km away. 

Hi Guys,I'll be arriving to Jacksonville FL in few days (Nov 22nd) looking to buy a property.I am looking for a recommended realtor / wholsaler to show me around Duval county (or any other nearby counties you think worth looking into) and help locate the right property before we dive in.I represent a group of 5 oversea investors who are looking to build their local team to support our activity in Jax, so if you are this realtor or you know one please ping me !!!