My credit union has offered me a great interest rate for a secondary home.However, they stated that the bank will not allow me to put the property in an LLC, after the purchase.If I can purchase this property with a great interest rate, can I refinance, after a year, with a major bank, and place that property under a LLC?

But you will pay taxes unless you do a 1031.As far as the 1031 goes, In order to qualify for a 1031 exchange the real estate you are selling must be real estate that you purchased with the intent of holding for productive investment use. 

Repeat.There have been some minor rehab stuff but not the major stuff you’re probably thinking.  

I think it’s because I don’t plan on selling them that I go back and forth on making major improvements.  

Majority vote rules for most things (unanomous vote is needed for some).

MWC is definitely heating up (major development going on on 15th and sooner currently), but there are def. still deals to be made there. what is your strategy?

we discovered that there is a major structural issue that was identified in 2009 and has not yet been fixed. 

Back when I worked for a production builder, I believe our warranty kicked in when the crack was 3/16" wide.

Originally posted by @Aaron Klatt:I think most lines of credit won't have an amortization schedule, because they are meant for frequent smaller purchases, I have no clue about the rate though.Yeah I'm assuming it's a short term product better suited for flips similar to a HELOC.I thought I saw in a thread here on BP that rates were in the mid 6's or 7's so that's why I'm curious.Would be a much cheaper alternative to HML and still provide a way to do multiple deals via leverage.

Are there any major differences?