Carrying costs aka holdings costs, such as hard money payments, can be written off in the year that they happen.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

You should run this idea past an attorney familiar with land trusts, but you can put the ownership of the property into a land trust in which all three of you are beneficiaries, with each having the same ownership interest as they have now.

The catch is the terms.I'll repay the $85K over 5 years with just a one-time $10K payment this year, 2025 - 2028 it'll be a one time payment of $9,600 each year and in 2029 a balloon payment of $45,600.00. 

So hearing everyone talking about doing cash out refi's to buy more property I did but it came back to bite me in the butt.I bought a rental house back in 2012 and naturally values went up so after a couple years I did a cash out refi and used the gain for the down payment on another rental property. 

Some lenders might let you go with a 15% down payment, making it $15,000.

.- The owner did provide proof of payment, and rent is confirmed $750, but always a few days late...Unit 2:- 1 BR- There was a language barrier, she didn't speak english, and I think she was afraid to open the door so I didn't get to tour it.

It's not large enough to out right buy most properties and then start the brrrr process, but I definitely could use it for down-payments.

Should I open a business bank account under my LLC  to make mortgage payments and collect rent even though the property is in my personal name?

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