Tax basis is $215K, we will buy it for $200K with 10% downpayment and 90% seller finance (30 year amortization) with a balloon payment option within 5 years.

No one really talks about this but they should because a lot of people get stuck buying a new fancy home and then in 12-24 months they are under water.Again not everywhere but in a lot of places where you see a small phase of builds go up and then it’s off to another city or county.The other thing that is not talked about much is home prices if the home price is under say $200K the builder loses interest.

I'm currently helping my cousin to buy their first add value property. 

Having said that, I am wondering though,  would me making a loan to him (see Paragraph 2 above) circumvent the Dodd-Frank provisions because he didn't buy the home with my money (rather my money is only being used for renovation post-purchase)? 

I also used a HELOC on my current house hack to buy.

You can generally get a good feel for a company by having a phone call with them but certainly need to be cautious if there is little information about them available.

That's a great piece of information to consider.

That will allow you to make a more informed decision about how you want to have the LLC set up for your unique situation.

Investment Info:Single-family residence buy & hold investment in St.

I have done a lot of googling and called a couple of local credit unions and have been hitting a snag when I inform them the property is owned by my LLC (both HELOC and Refi).Am I really down to hard money loans or business loans from the LLC itself?