Here are the details.Duplex Im selling is owned in entity "A LLC" which is a 2 member LLC and I'm a 50% member, other member is my dad.Ive been approved for a construction loan based on the financials of entity "A LLC" - however I could also get the construction loan in my name only, or another single member LLC that I am sole member of or Entity "B LLC" which I'm a 50% member of or when I close it down can transfer ownership to me solely.The land is owned free and clear - land is owned under entity "A LLC" and is also owned half by John Smith (friend of mine...John Smith who coincidentally wants out)How do I do this...I've been reading up on related entity exchanges but as I type this out am wondering if I couldnt complete this since the lot is owned by entity "A LLC" which is also selling the existing duplex.Disclaimer for any that answer - I understand you are giving advice and I am to complete my own due diligence and consult my own professionals.Thanks!!!!

The assuming Borrower may assume 100% of the outstanding principal balance of the Mortgage, subject to the restrictions on LTV ratio for Investment Properties and HUD-approved Secondary Residences.”FHA loan assumptions require the lender to prepare special paperwork showing that the original borrower is released from the financial liability of the mortgage loan.

If you run the numbers, it actually is a financially better way of doing it.

hello all I'm looking for a lender that I can qualify for,a heloc  I just bought my firsts property in Franklin park and it was a great deal I'll be living in it for 2yrs then renting it out I got a 203k loan the purchase price was 134k with 61k in repairs the house appraised for 270k I purchased it in September made my first payment Nov. 15th there have been a few issues that were unforseen and I need a loan to finish and some extra for financial issues that came up does anyone know of a lender in illinois that can help thanks in advance

Watch for an aspect of RE investing that intrigues you and sounds like a good fit for your skills, interests, and current financial situation.

Nick, if you are able to net $40k tax free, I think the question becomes would you be able to do something with that money that would improve your financial state faster than simply continuing to own your home? 

It does not sound like you are financially ready to invest.

Business valuation = 3-4x NOI + inventory.Building valuation...The two most important questions: (1) what is the financial strength of the tenant / what do their trends and industry viability look like?

Many have stated here that the best way to learn is to actually start, otherwise "analysis paralysis".My value add is that I am a good communicator with strong negotiation skills, love to work with and help people, as well as have significant business operational and financial knowledge.

More important than the structure, however, is to take a deep dive into the sponsor’s financial projections and their historical actual performance versus their projected performance.