Once it’s seasoned after 6 months, refinance through a local bank or credit union.Now, I am a fairly new investor with my real estate license and a few units under my belt but I recently left a regular 9-5 and want to see what my options are in order to refi on the property with no W2 income.

The amount to bring current is an estimate until you get in writing how much is needed from the bank including legal costs and unpaid taxes.

A bank is very strict and the deal has to fit in this “tiny little square box “ but land contracts allow for infinite options with less down and sometimes no interest at all .just depends on how bad they want to sell

We've discovered one lender, "Paradise Bank" who does offer this.  

@Daulton H.Get QBs -easier for accountants to do your taxes, better if you get audited, better if bank wants financials, etc.

If they buy a judgment, they can go directly after the debtors bank accounts etc...

With a tri or quad, we would require more funding than we would need with a duplex; 3 months of mortgage payments need to be saved in the bank, which is not required for a duplex.

you can create the LLC tonite, online, and have a new bank account to match setup by tomorrow...accept the rent made out to this new LLC

Within the next few years I want to use private lenders, local banks, and money I save from commissions (currently a licensed agent) to buy B to C class apartment buildings.

Refinance and use the bank's money for your next down payment.