Thanks again for the assistance.

Structure it as if the LLC is borrowing all the money at the mortgage interest rate, run all income and expenses through the LLC in a separate checking account then do your disbursements from there depending on what you guys agree to pull out and when.I just did a JV and my private lender funded it.

We do all the work for you from assisting and advising with aquisitions, rehabs (if needed), and setting you up with property management.

All of my previous purchases have been small cash deals, so I am looking to educate myself on the financial side of borrowing deals.

It's a win/win situation.Message me and we can chat more about how I can be of assistance to you.Hang in there!

Using your cash, or borrowed money, makes no difference.

Hi Everyone,After reading the 4 Hour Work Week by Tim Ferris, I'm seriously considering hiring a virtual assistant.

She saw me borrow and pay back a few hundred grand at high interest and wanted a piece of it...That stuff snowballs as people see you making money and doing things right.

.($232,000)1% was mentioned which at current rents puts the value at $285,000.To receive $300 per month cash at the current interest rate you could only borrow $225,000.

But I think that, Clearly, the best position a Private Lender can be in is a low LTV, 1st lien, they are very well protected, and this type of deal does not require you to borrow more than 15-30% of the ARV in most cases.