By forming the LLC you would gain personal liability protection but lose the ability to refinance conventionally in that 5 years.

As a lender you'd want to talk to your secondary markets gay/gal to make sure your ability to sell/service on expanded guides is available but bank overlays have limited this niche.

This helps the self employed borrower plan easier since you'll only need to focus on one year.Self employed refers to any borrower who does not receive their income purely from W2 and does not own the income company that provides the W2.Continuity of the profession or employment activity is definitely a must as the underwriter is looking for a consistency in your cash flows if you have no consistency how are they supposed to make a determination on your ability to repay a loan right?

As someone who is living abroad.The world is rapidly changing, because we are becoming highly globalized.With the ability to fly almost anywhere within a 36 hour period.The internet is allowing me, living in Korea to write about this.My new smartphone is more powerful and has more hard drive space, (plus I think it's amazing) than my first computer.You concern that American real estate is going to become like the manufacturing sector is interesting, but nothing to fear.You job as an investor isn't being outsourced.Would you feel the same way if (insert big bank, BofA, etc) came in and bought all the properties?

Most portfolios are sold with the Buyer's ability to move management as they see fit.

I just never seemed to have enough money, knowledge, connections, lending ability, experience, too young etc. etc I was acquiring information but failing to actually do anything with it and failing to seek out and develop my "Unfair Advantage" as Brandon Turner so aptly puts it.

Because you don't have the ability to assess the value of what you're dealing with, you probably just lost 4 to 5K.

Question for the wholesalers out there who have their businesses systematized with the ability to scale:Do you take all the seller calls live, or let them go to voicemail, an answering service, or a VA?

The funny thing is since then there have been many refinancings and credit lines.It used to be having equity made your balance sheet look good but that doesn't seem to matter much to bankers anymore; it is all about ability to service the loan.It seems to be an individual thing.

At the very least, you will have some exposure to the local market, the ability to see a whole lot of houses, and the ability to gain a veneer of professionalism.