Many of our clients have done this and secured much better terms....EricThis spreadsheet decision is based on what you can afford and when you expect interest rates to fall.

You want to make sure that asset is secure.

But if do a BRRRR from far away that's risky too, without a really good and trustworthy team in place and lots of checks and balances (security cameras, someone local to check on your property) and the ARV and refinance aspect can be challenging.  

You can secure a 30 year fixed on a 1-4 unit residential and a commercial building.

We know we want to create an llc but is it difficult to secure a loan?

I always research companies first before doing business, but that comes from my training and working on security issues, especially after having my sites hacked. 

@Chris SeveneyYesAllOf those things, just don’t forget to have receipts for everything you deduct from the security deposit.

.- Robust investor portal -> portal not actively used.- Direct investment in the deals -> one of the deals turned out to be a fund of funds investment.- Prompt & transparent communications -> very poor, e.g. in Apr 2024 I was informed the property had been foreclosed in Dec 2023. - Lead operator in the deals -> well not really. 

Our battery went out and our son had to crawl through a basement window but I doubt too many people could have done that, he was impressed by our increased security but didn't want to drive 2 hours back home so he found a way.  

This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.