Investment Info:

Single-family residence other investment.

Purchased 52 acres of land in Hocking Hills to develop 10, 5 acre lots to build luxury log cabins in 2024

What made you interested in inves...

Its under $250K.Its currently titled as "Joint Tenants by Entirety" with spouseI have been researching best way of LLC structures for multiple rental properties (plan to get more in future). 

I saw in another post that he could open up a HELOC as a backup, or for unforeseen expenses just in case, but we’re really struggling with what to do here and don’t want this project to negatively impact our relationship in any way. 

I like the tactic of paying the down payment in installments on separate dates in the future just as Pace Morby does sometimes on his deals. 

I'm a huge skier and have been traveling to Tahoe for summer/winter for over 14 years so this definitely piques my interest as a possible future opportunity. 

We're odd in that our project manager actually has a formal degree in Interior Design.

1/ Someone out there does is and crushes2/ There is risk to anything you do, its about risk tolerance 3/ In a world of 200$/mo cashflowing SF rentals, be the Project X house.

My name is Jacob with Lendbright and would love to answer any questions for you that you may have in the analysis of your project .

Unfortunately, I don't think one exists.If you exhaust your potential down payment for a future primary residence by buying a multi-family now, then ... you can't buy that future primary residence until later.If you're running the numbers, and they ain't working, then you've got your answer.

After you get through your first few deals and understand what to look for you may not need an attorney for future deals.