You area also going to get hit with 2.75 points and a 2 or 3 year prepayment penalty.My suggestion would be to take out a personal loan banks are offering personal loans now with no lien.

Generally, I'd disagree with your desire to pay off your personal property first and save up an emergency fund.

Being able to enter a property with only 5% down means you can leverage your money way more effectively as well.

There isn't much scale in your current idea, but there are a lot of mobile home investors who figured out for low money down to start.

What do most do in terms of keeping rental business out of personal finances?

Hello All-  I am weighing the pros and cons of subscribing to List Source to obtain leads.  My research suggests that List Source and PropStream are the leading sources but question their worth or preference.  Any adv...

As a balance sheet/hard money/private money/portfolio lender  (I list them all because they are all the same thing) I do not want to be pitched in anyway.

Assessing the current market conditions and property values in your area can provide a clearer picture.Current Market Dynamics: Consider other factors like inventory levels, the competitiveness of the market, and personal circumstances.

So I would still have to move funds from that business account to my personal account before I pay the mortgage each month.

Hey Bigger Pockets community, I’m looking to learn more about investing with no money down and how to structure an LLC