We currently have a bridge loans for two portfolios that we need to refinance.

My two cents - not happening.

Well it DOES make sense in two other important ways:1) it's an incredibly strong incentive to pay your taxes....2) covers the risk that you don't get paid.

The truth is that building wealth is a slow process and the odds of hitting the lottery, inheriting massive wealth, or suddenly getting a huge lump sum are absolutely tiny.

The trustee will be a LLC we create in WY to hold the land trust for the anonymity and added asset protection.The question I have run into now is that some things I am reading say that I will have to register the LLC in the state I live in, (will be Illinois) so I will be basically paying for two LLCs.  1. 

Unless either of you are in construction, why are you thinking conversion or build instead of renovating an existing multifamily to get the increased equity that way.Very few areas are pro going from one to two units and zoning is the major issue.

Hello,I had two properties under my name that I transferred to an LLC where I own 20% interest. 

The other two responses are spot on.

The repair guy is suggesting to replace the flooring of the bathtub because patches would crack in a week or two.

Purchase price: $1,100,00015% down payment, 7% interest rateDuplex: Two 3bed/1bath + den with unpermitted bath/kitchenette in two car garage.