If you can get five individual residential loans vs. a single commercial loan, you can get fixed financing for a longer term.

Bottom line, legal entities come in when your net worth becomes significant enough to create firewalls between individual pieces.Avoid large banks and google local banks and credit unions; with a decent credit score you will not have a problem to get a loan in your name on a cashflowing property.

It is often easier to finance a property if purchased as an individual. 

@Patrick SearsIt’s different for each Individual but if your full time job doesn’t max you out in social security you can look at an S Corp and speak to a CPA to see if there are ways to minimize taxable income.With notes really not much you can do if your looking to sell them vs holding them long term.

Hi John,Maybe think about Landlord Locks.You can look them up on the internet.1 master key and individual tenant keys.Good Luck!

I hope this can give others another idea of how to do a Brrrr, because you can get more rent by renting individual rooms in a house.

One thing to note when looking at the individual markets, you can make or loose money in any market.

Would it be easier to write a specific contract for each sum he transfers to me and have 5 or 6 individual notes with descriptive verbage on the terms?

Yes, you had to make sure you’re legally compliant, but it is something with an average individual can do.

@Nicholas HeinrichLand that can be developed into subdivision;  individual houses; RV Park; mobile home park; storage units; apartments; commercial buildings; strip mall are good deals.