Everyone will have a favorite structure and attorneys and accountants will tell you different things.  

That way you can bypass a bridge loan.I have borrowed $50k from my father to float some of the purchase of a Dental practice my wife owns...we simply pay into an account that we use to periodically pay him back lumps sums.

I'm trying to evaluate if we should keep the property or sell it/1031 exchange into another investment, but I'm struggling to figure out how to do the analysis.Initial Purchase: $65,000 (Cash)Estimated market value: $250-270k - We'd clear $200-250k if we sold.Current Rental Income (after expenses): ~$1,417My gut tells me that we can leverage the proceeds into higher cash flowing investments, but I don't know how to do the math.

You mentioned a prepayment penalty, more information on DSCR loans available below.DSCR loans won't use your income to underwrite the loan.

Someone will lend at a 33% LTV.All of this said, it sounds like the Trustee would actually like to say invested somehow.Option 2, put the house in a trust or LLC and let the rent be divided amongst the grandchildren:-All grandchildren remain owners of the property and the monthly income of $1,500(minus expenses) is split amongst the 6 grandchildren.I will warn that option 2 is more likely to result in long-term drama and likely some anamosity among the family members. 

Our team reached out and a little while later they told us that the check was sent to us and has cleared their account.

Hi guys,I love to see all of the success stories but I have noticed I just don't have the income to keep investing past 1 property. 

State income taxes are usually based on the gain or loss from each state, so you pay taxes on your gain in Illinois.

Hey @Israel Mendiola, As accountants on BP we cannot self-promote.

Cleveland offers a strong rental market driven by a growing population and can help ensure a steady income stream.