My goal is financial independence in 10 years via building my business into a large practice while investing in buy and hold rental properties.I know I basically need to knock out the debt, and save up for my first down payment. 

May be best financially for you to let it go, but your credit is and will be more trashed. 

Talking to a few lenders and financial advisors that I met through friends, they all recommend that I buy so I start building equity before I start getting into rental investments.

Each investor will look at each metric differently and give different weights to those metrics based on their personal financial goals and what they want to see out of the properties they are investing in. 

Luckily, my wife and are living very frugally and are able to live on my base salary while saving all my commission checks.After reading the book, I’m now determined to achieve financial freedom!

The catch is that your cut will be less than what a smaller brokerage can offer you financially.

Here are the details.Duplex Im selling is owned in entity "A LLC" which is a 2 member LLC and I'm a 50% member, other member is my dad.Ive been approved for a construction loan based on the financials of entity "A LLC" - however I could also get the construction loan in my name only, or another single member LLC that I am sole member of or Entity "B LLC" which I'm a 50% member of or when I close it down can transfer ownership to me solely.The land is owned free and clear - land is owned under entity "A LLC" and is also owned half by John Smith (friend of mine...John Smith who coincidentally wants out)How do I do this...I've been reading up on related entity exchanges but as I type this out am wondering if I couldnt complete this since the lot is owned by entity "A LLC" which is also selling the existing duplex.Disclaimer for any that answer - I understand you are giving advice and I am to complete my own due diligence and consult my own professionals.Thanks!!!!

The assuming Borrower may assume 100% of the outstanding principal balance of the Mortgage, subject to the restrictions on LTV ratio for Investment Properties and HUD-approved Secondary Residences.”FHA loan assumptions require the lender to prepare special paperwork showing that the original borrower is released from the financial liability of the mortgage loan.

If you run the numbers, it actually is a financially better way of doing it.

hello all I'm looking for a lender that I can qualify for,a heloc  I just bought my firsts property in Franklin park and it was a great deal I'll be living in it for 2yrs then renting it out I got a 203k loan the purchase price was 134k with 61k in repairs the house appraised for 270k I purchased it in September made my first payment Nov. 15th there have been a few issues that were unforseen and I need a loan to finish and some extra for financial issues that came up does anyone know of a lender in illinois that can help thanks in advance