I will borrow 100% as I will cash out a free and clear property on a 30yr at 4.75% fixed.

If you feel overwhelmed, remember, you should be profitable enough to have a Virtual Assistant do all this bookwork stuff.

Many lenders, including myself are not going to even try to distinguish between residential homestead and residential investment property - we are just going to stick with commercial property where the borrower can't later move in and have his attorney claim we made a non conforming consumer loan.Casualty of excessive Government interference in the market.

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.