Hello, I’m having trouble wrapping my head around a creative way to borrow money and refinance to pay that person back.

Hi AllHopefully you can follow along with me on my journey here.I'm feeling the analysis paralysis creep upon me now.  I've now changed my mind on my approach and pivoted my strategy several times so I'm getting worri...

Thinking creatively, what if you moved into a new property, taking advantage of the low down payment and/or better interest rate, and then converting your existing home into a rental?

#1 person to ask is your CPA...as they are going to have to help defend you on whatever actions you take.My guess is you cannot do what you want to do, and actually all this probably would hurt you if you could do it in the long run.I would think there are rules about self dealing that would prohibit this.The second concern I can think of is capital gains taxes....so the LLC would have to recapture the depreciation when you sell it and pay capital gains taxes on the profit....vs if it is your personal home, chances are you will have no capital gains.Nice way of creative thinking, but I think if it were this easy to make big profits, everyone would be doing it.   

It was a creative deal, where the seller was carrying the note for a number of years, some things in his name, some in mine and through the excitement of having a breathing being willing to help me get my first deal I just whiffed.

Lots of more creative stuff out there as well but those two are the most popular.

Not sure if this is the correct group but was wondering what were some creative ways to get financed for empty land besides the usual 20% or higher down payments

@Joseph Griffith the big difference is in expensive markets to pull of a house hack you have to get creative to pay for an expensive property: student rental, corporate housing, rent by the room, VR, etc. whereas you can break even in a less expensive market by simply placing a long term tenant in the unit/s.

I made posts every day on Craigslist, Facebook real estate groups, started a website (Lead Propeller), and hustled and found creative deals. 

You can also hit up Google and search Las Vegas and get creative with what you add in your search terms.