I am a rehabber in pasco county and am looking for other ways to obtain properties.

Still a newbie, but wanted to obtain my real estate license while I learn more.I work full-time at nights so my ideal schedule is during the day.

I don't force my dream on her, rather I just ask that she supports me (Which she does), and I support her (She has a business making t-shirts and clothing).

You need to take advantage of the long term fixed rates you can get with a secondary market loan when you are beginning as they become harder to obtain as you grow.I am not suggesting the LLC because there is an incredible need for it, especially if you aren't going to have much equity, but rather as part of the process.I have always believed if you don't do things correctly when you are small, you will not do them correctly when you are big.This conversation doesn't really even get to the heart of why you may want an LLC to protect what you may have accumulated in wealth so far in life non-real estate.Thanks,

Besides banks and hard money lenders... are there other ways of obtaining loans?

I purchased it expecting property and rent appreciation as well as recognizing that equity could be obtained via a rehab.  

I t is hard to give advice because the bank/lender is going to look at your credit debt to income, etc....

While federal and possibly state taxes still apply to the distribution even when the funds are used for the purchase of a primary residence, the 10% early distribution penalty if you are under age 59 1/2 does not apply when a distribution is taken from an IRA to pay for certain first-time homebuyer expenses (subject to specific dollar limitations) (IRC Sec. 72(t)(2)(F)).A qualified first-time homebuyer distribution is any distribution received by an individual to the extent that the distribution is used by the IRA owner before the close of the 120th day after the day on which the distribution is received.

I recently brought a home in Virginia Beach and have been here for 6 months and want to obtain a second property which route would be most beneficial: Looking for a seller fianace/ rent to own type route and then try to get a tenant to get cash flow that way or try to get an REO (which mean getting a second mortgage loan)  and rehab and rent out?

They suggested 85 cents on the dollar.So, let's say they spend $100k on the building improvements (furniture, equipment not included).They want that to count as $85k toward the purchase of the building at that future improved value.So future value could be established as 420k + 100k = $520k.50% ownership would cost $260k, minus their credit of $85k = They would contribute $175k cash to obtain 50%.Is 85% credit the right number?