I’ve been talking to a number of Realtors who all have one thing in common, they try to convince me to consider a FHA loan versus a HML.

@Michael Knaus why would you try the shared/short-term office model versus the traditional long-term lease?

I live in the Denver Market and I would prefer to get my feet wet by purchasing my 1st property locally versus a property in another market that I would not be able to physically drive to. 

Be careful borrowing against your home and then having a life impacting event Big difference paying off your house in 15 years versus just planning on paying it off sooner.

Cleveland Water is now billing clients monthly versus quarterly.

Lenders typically find out because the insurance policy changes to name the LLC versus the person. 

What I do when I hear some say you know what I want to buy a house in a year or two or I know a friend of mine that is looking to move or whatever it may be I just simply say “what is their contact number”, I don’t give them a card to hand them to their friends, if they are really looking, I found that most people are more likely to give you their number, and to finish I would say “please let them know I will be calling” that way someone they know and trust is telling them about you and it would create a bit of rapport versus some coming in cold.

Its a lot easier to have a cushion when your properties are averaging 400 to 500/mo net cash flow versus 150 to 200/mo net cash flow.But would you rather take on that risk and have 20 properties or 30 properties as opposed to 3 or 4? 

Portfolio lenders are lending the banks’ own money versus selling the loan to Freddie Mac/Fannie Mae so they have a lot more flexibility and can loan to LLCs if they decide to.

You need to understand how to analyze things like loan-to-value, the impact of choosing a loan in a judicial versus non-judicial state, etc.