I was recently reading a thread on another website about someone asking which mortgage they should take. They were strongly considering one with the lowest down payment and the highest interest rate based on the "I ca...

The beauty here is you don't have to necessarily choose which strategy you are embarking on for the first process of these strategies (buying a property in need of rehab and doing the renovations) - the best investors typically will have multiple exit strategies and can make unemotional decisions once the property is completed whichever way the numbers point to (flipping or keeping and renting/refinancing i.e.

If you and I were working on this one to get it refinanced, my recommendation would be to complete the reno before letting an appraiser in the door.

@Jose LealBRRRR property investment involves purchase price, rehab, holding, and refinancing costs.

When I followed up and asked for a specific reason (thinking it might require an additional payment towards principle to put me under the threshold) they wrote back informing me that investment properties do not qualify for automatic termination and that PMI will remain for the life of the loan and if I want to remove it I can look into refinancing. 

Going the DSCR route will also not work since he will be subject to a PPP at the time of refinancing into a primary loan.Putting a tenant there for a year and then anticipating to move in after a year may not also work out depending on the states Laws regarding this. 

I have experience with commercial construction loans and cash-out refinancing after construction completion, but no experience with refinancing raw land yet.

I originally created an llc to purchase the land, however decided after to buy it in my name and transfer into the llc after the house is built, rented, and refinanced.

The loan officer says the refinanced amount would be 75% of the purchase price and not the new appraised value after rehab.In this case, is it a bad idea to transfer ownership of the duplex into my family member's name and then purchase the duplex back but this time financed? 

Be prepared to transfer title back into your individual name before refinancing the loan.