I was thinking of purchasing small multifam 2-4 units with DSCR and using personal loans to cover the 20-25% DP.

Hey everyone,Me and my wife just purchased a 3B house in Charlotte, that requires quite a bit of work, and we are looking to expand our network here, as we are new to Charlotte, so this is sort of out-of-state investing for us.

In other words much safer to purchase a property in the name of your LLC than to purchase in your name and transfer to LLC. 8.

In addition to the high cost of building, the low appraisal reflects there are many more owner occupied purchasers than investor purchasers so adding the ADU likely reduces the buyer pool. 

i have a couple quick questions about using rental income to qualify.This is my first (possible) purchase and basically the home price is outside of my range to qualify on my own.

I am purchasing a 4plex tomorrow and will be moving into one of the units.

However, I am trying to accomplish this task by purchasing under market value (every investor dream).

We purchased the condo for 92,000 and it has 69,000 left on it.

I have a 3rd LLC (non retirement) created in NV, working on buying RE in Detroit, MI. once the purchase has consummated, I file the foreign LLC filing with MI state, do i need to file for FINCEN too??

Borrowers with higher capital reserves or equity in other properties could explore an all cash purchase.