Examine several funding choices, including partnerships, hard money loans, private loans, and traditional mortgages.6.

You can easily get audited and caught for mortgage fraud for putting in a 12 month lease.  

If he has a mortgage to be foreclosed on they should be paying the property taxes.

Mortgage is paid and I’m 67.

Have you reached out to any mortgage brokers? 

Think of the LLC as your worst enemy. would you give them a free home to pay with your name on the mortgage? 

Think of it this way, your own personal credit is tied to your SSN and you can improve it by utilizing credit whether that is credit cards, loans from a bank, or mortgages. 

i can help you with these mortgages and structuring.  

Income - student debt - mortgage payment - monthly expenses = monthly savings If you're going to go down this route, I highly recommend that you house-hack your first deal.

Still not clear if you had a joint venture agreement or a recorded mortgage with a note in 2nd positionBut sounds like hard money lender foreclosed and it wiped out a second lien.If you gave loan in that persons name vs LLC then you could still get a judgment and recourse but if it’s only LLC with no personal guarantee then your options are go after LLC only (and hope their are other properties in the LLC)What due diligence did you do on this person originally?