If the interest on the credit card is NOT zero%, you better off paying it off.Actually, it's beneficial to have few credit cards - let's say 5 of them with $12K limit will give you $60K.

But I did not ask if HELOCs would require seasoning, I have cash in my account that I got from selling a car and pulling from stocks at least the stocks withdraw has a history.My partner is worried about protection of his assets so we are looking to just have myself on the loan and us workout payments and dividing cash flow, we will eventually transfer the title to an LLC with both our names being split 50/50 in the company.

Some have limited title seasoning and others require 2 years and still others have limited seasoning on cash to close while others inexplicably follow Agency guidelines.A good mortgage broker will be able to guide you through the morass and structure your loan accordingly.Best of luckStephanie

I am approaching this casually at the moment, but it seems that the number of multi-family homes in the Phoenix and surrounding areas are very limited -- I guess it's a difference of culture or the fact that land is so cheap in the southwest that there isn't much demand for a duplex/triplex/4-plex.At any rate, I'd like to hear from anyone who has invested in this region.

Now we own 24 multifamily units, limited partner in a 250+ apartment syndication, own a flipping and wholesaling business and working on being able to provide more investment opportunities to others.

Our multi-family inventory is indeed extremely limited. 

There's a lot that can go wrong throughout a transaction and a good agent will do everything they can to not only negotiate for you, but limit your risk and keep you protected. 

It is my understanding that tenancy in Maine is 30 days or more so we limit short-term rentals to 25 days or less and require a lease be signed for anything 30 days or more.Last winter we had tenants for 5 months in one of our rental units.

Many other factors come into play, such as the rent/sq ft ratio (the higher the better) and whether it's in or outside of city limits (and city taxes).

I do not want to limit myself to deals in the local marketplace because my local marketplace is extremly competitive and expensive and I wish to go out of state to not limit my pool of deals.My question is: I set up a wyoming LLC (because everyone says its good for protection).