Good thing about personal loans is there is no LTV/CLTV involved its based off off income and credit.

Very interested in real life cons to this approach to real estate investing.Thanks.Hi Pamela,Investing in a resort condo in vacation spots like Kissimmee or Orlando can be an appealing real estate venture due to the high tourist traffic and the potential for steady rental income.

Plus is a great income if you decide to rent it.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Remember you also probably pay SS tax if you take it as income.I think only your CPA can give you the best advice, because he knows what your income is and what tax bracket you are in, what your other income is, and what your expenses are.Is this property not in the LLC?

In of your other threads, you seemed to be interested in other debt investments that generated income. 

I've come across a bit of a conundrum: conflicting information on how to calculate Net Operating Income (NOI).Every article and book I read has a different take.

This product is no income no doc and underwritten purely on the rent schedule of the property .

So basically the application downloads my credit card and rental bank account transactions once a week automatically, then I take 5 minutes to tag each transaction with the matching property and then categorize with the expense/ income type.

Hi Kostyas, I am in a similar situation as you but have avoided the substantial presence test so far.May I ask how your foreign income is treated in the US?

I can see that this will do well in similar locations where rents are highest and people are looking for additional income.