Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence. 

After hurricane Beryl hit, many were left without power for an extended period and I really would like to put my eggs into different basket/market if possible.I see that you’re a real estate broker in Texas yourself.

How is the real estate market for flipping?

do NOT take a long PPP right now unless you have no choice. will be VERY expensive in the future when you are stuck in a higher then market rate. 

Which direction is the small multifamily market heading in?

Hi Carlo,Interest rates for DSCR loans can vary based on several factors such as property location, borrower's credit profile, and current market conditions.

Property is a 3bed, 2ba SFH (Cedar Rapids, IA) listed for $96k (was purchased in March '24 for $90k...looking into that)Market rent is $1,300 (could nudge up $50 maybe).

Was having a fun, purely academic conversation with someone and somehow the topic went from the stock market, ETF's, to real estate, to BRRR's and either he or I or both us came up with this and wondered is this a legit strategy that others have used?

If you're curious about the booming Philly market or need some advice, hit me up for a free consultation.Looking forward to connecting with you all and making some profitable moves together!

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