They need the properties in personal name, not under LLC in order to do HELOC.I am also open to the Cash out Refinance and trying out banks right now.

I bet there are plenty of owners in East Cleveland that would pay you to take properties off their hands.

If not, that's already a violation of the lease, but you'd have to let him actually move her in to be in violation.Best bet, give him his broker fee back and tell him you changed your mind.

I’m curious peoples thoughts on structuring a deal this way:Assuming that the numbers are good here is how I’m looking at structuring the deal with the seller:Property 1: $90,000Property 2: $90,000Property 3: $1My reasoning would be to get mortgages on the full value of the 2 houses then be able to refinance property 3 for a similar amount in order to fully leverage the properties.Here are the downsides that my accountant has identified:1.

Pick a few of these and start refining your message and connecting with these sellers to see how you can help them solve their house problem.Good luck and let us all know how you are progressing!

Can you refinance a recourse loan and get a non-recourse loan?

Would this be considered BRRRR or should I try & refinance this property after I make some improvements.

For the Refinance loan why are you using 25 year amortization versus 30 years?  

If that is the case then I'm pretty sure that what he is offering are securities and therefore such deals must comply with SEC regulations.I'm not an attorney so this is definitely not legal advice, your best bet to get clear on this is to talk to a real estate attorney first and also consult with an SEC attorney.

I usually bring more than one property at a time to a bank for refinance.