Refi with conventional (since we do not reside in it = no VA option) to lower mortgage to establish positive cash flow?

Hey Guys, I'm finally starting my journey into realty investment and decided that one of my first orders of business was to establish a Texas Series LLC.

Think about establishing long term relationships with buyers and establish trust.

I would look for communities where there is a very established short term rental ecosystem.

We’re currently in the process of obtaining a broker license and establishing an LLC by EOY.

If you purchased more than a year ago, the bank will want a new appraisal to establish the property value. 

Either you're going to have to pay the first installment plus a smaller # of months to establish an escrow account, or a high number of months to cover the first installment when due. 

We chose a long established middle class neighborhood in a good school district.

.● No Evictions/Broken Leaseso No outstanding debt to housing providers of any kindo Proof of honorable reconciliation requiredo Positive re-established rental history required● All bankruptcies MUST be dismissed or discharged.● Credit approval is subject to credit risk fee below 620 and potentially additional security deposit.● All residents of the property 18 years of age or older MUST submit an application and completea criminal and credit background screening.● Smoking is NOT permitted inside the home or garage.Hope that helps!

They’re assuming that you’ll be able to pull off the flip and pay back the loan with interest within the timeframe they’ve established.