This particular transaction not only included preparation of loan docs but also  review of subdivisions, deeds, permits, environmental reports, easements etc. 

However, we have a long-term plan to accumulate more than 10 properties and want to be strategic in the way we structure which one of us is on each of our loans now so that we can max out at 20 Fannie/Freddie loans in our individual names. 

It will be such an amazing achievement to reach financial freedom through cash flow—that is my ultimate goal as well! 

According to the broker, the current loan is assumable (the rate is 3.35% or so), but he isn't sure how that works.

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Example: "I want to build financial independence through real estate investing.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

Note the standard 401k and IRA limits will be maxed..This needs to be AFTER TAX contributions that can then convert to Roth.Thank you for any insights-pr--Respectfully ask not to be contacted directly by financial advisors seeking new clientele. 

What is the actual loan scenario looking like ?

Give me a call if I can help with any questions about the financial side of STRs.