Purchase price: $255,000 Cash invested: $6,500 My wife and I just recently purchased this home (closing in a matter of days) as our primary residenceLong-term appreciation in the location of this house, along with the ability to maintain positive cash flow when we move onto our next home are some of the major contributing factors to us buying this mixed investment/primary residence.

@Whitney Hutten I just wanted to express my appreciation for your valuable contributions to these forums.

So all they are contributing to the partnership is their contractor skill and sort of fronting the construction costs ...but not for very long...because again, they don't have money.

Yes, I am able to contribute $7000.00 a year fo an HSA account, I set up the LLC with my attorney, the LLC is owned by the HSA,  I was able to purchase this triplex with $6000.00 down, I had my HSA administrator send funds to the  new LLC bank account, my resident agent fro the LLC is also my property manager, I can read and approve the documents, he can sign for the LLC.

In either case, you can continue to contribute to your 401K, take advantage of the match and invest in the market if you desire. 

I'd love to connect to some experienced, or even rookie, investors and contribute in any way I can.

My question is, if you get a HML to contribute 90%, meaning you’d put 10% down, is it possible at the end of the term when you have to pay back the lender, you refinance the property he/she helped finance?

Show pictures of the fancy little omelet you ate at that adorable little cafe, and talk about how amazing it was.Show pictures of the current house you are flipping and ask for suggestions on colors schemes for your new kitchen.Show pictures of that latest work out you did that lost you 200 pounds overnight.THAT is what people connect to.

You can then go on to secure another FHA loan whilst still owning a property with an existing owner occupant FHA loan but there has to be a specific reason to request a new FHA product - like you have had to move for your job or you have an extra child and need another bedroom etc.A conventional loan, a product provided by a general mortgage market lender like a bank or a credit union etc. will provide you with a mortgage which, once set up can then be sold to Fannie Mae or Freddie Mac who pool them together and sell them as Mortgage Backed Securities ( MBS) and other products like CDOs but don't mention CDOs on this site - it gives us all the heebie-jeebies because CDOs contributed to the crash in 2007/8.These conventional loans can be offered with down payments as low as 3% but they require mortgage insurance (PMI) to be paid with the mortgage until you reach 20% equity in your property.

So you can refinance anything you want and contribute that cash to your LLC to be used by the LLC.When you sell and do a 1031 the taxpayer for the old property needs to be the same as the taxpayer for the new property.