That is the equivalent of me purchasing a hammer and tape measure and calling myself a contractor. 

I am worried that purchasing the property and then transferring it to the LLC will trigger a due on sale clause that could cause issues after purchasing the property. 

I recently had a conversation with my lender and mentioned I would be purchasing a property as my primary residence. 

Can someone please clarify this for me - if I take out a HELOC on my primary residence to purchase an investment property would that have to be for 100% of the cost of the investment property or can I just take out enough for a down payment? 

It is a four bedroom, two bathroom, split level house needing approximately $20-30k of repairs.The purchase price is $177,500. 

Many of my investor clients have purchased in MI over the past year. 

@Jacob Sherman I’m typically raising $100K - $400K for the purchase and repairs of a SFH or smaller MFP flip (short-term).A syndication seems like overkill, and some investors don’t want to deal with a K-1 because it’s not worth the extra accounting expenses for a short-term deal.

They still have the receipts/numbers from the money orders purchased at the post office so they were able to track them, as was the post office.

A cost segregation study was performed on this single family home in Fort Worth, TX purchased in 2023 with a depreciable cost basis of $272,633.

Make small purchases and pay off the balance in full each month.8.