There are no rules that a borrower gets a loan mod for the asking...or that all borrowers are eligible for a loan mod but, if a lender offers a loan mod as an option, and IF a borrower IS eligible, there are rules that prohibit the lender from not offering one.For a loan modification to be considered, there needs to be documentable income sufficient to service the debt at a subsidized rate/term.

Knowledge, you want a custodian that knows what they are doing and can help explain the rules and prohibited transactions to you

Look up prohibited transactions and disqualified persons.

You must keep the ownership percentage the same at all times and all income/expenses must be split according to your ownership percentage.Be sure to seek help of a professional who can guide you and structure this correctly so you can avoid violating prohibited transactions rules:https://www.irs.gov/retirement-plans/plan-particip...

The irs can say you are getting a benefit and this it is prohibited.

@Carla YoungI think checkbook control is great for new investors given that they commit to learning the prohibited transaction rules and seek guidance from their providers and advisors when unsure.

Using your 401k to invest directly into your deal would violate prohibited transaction rules:https://www.irs.gov/retirement-plans/plan-particip...

Jason, lending from an IRA to an LLC where Laura and her husband are members will be considered prohibited transaction.

Appreciation... don’t get me wrong, I get that its tough to invest in NY/NYC because of how cost prohibitive it can be but keep in mind that the NYC unit vs. the other unit will not go up in value by anywhere near the same amount... some areas of the country barely gain value over long periods of time, which is not the case in NYC...

VA Guarantees loans for veterans.Provides guarantee to the lenders for the loan.PMI insurance is not required.The max entitlement is $104,250 * 4 = $417kInterest rates are negotiated with lenderPrepayments penalties are prohibited by law.VA loans can be assumedRequired that the veteran live in the property2% VA funding fee.I am looking at methods of financing a multifamily rental property.