The way we look at it, if hard money can enable us to purchase additional properties more easily or with less of our own cash, then it can make sense.At this time we are actively looking for our third buy/hold.

@Risa Hind I'd like to second what @Ken Badziak has said (and of course I always like a guy that BP's with a glass of wine in hand ;) I would like to point out, however, that in addition to all the taxation issues you have the issue of reserves to consider.

It was completely rehabbed with an additional  $150k.  

We vary the topics of all the meetings and like I was telling you in person, maybe 2-3 times a year we bring in a national guru who will also have products for sale.

It was originally a duplex, but additional rooms were added.

I don't know if you are a contractor yourself or if you would have a contractor do the work but GLT Products offers soundproofing materials either directly through their company or through a sister company, Sound Acoustic Solutions.

Prior to applying for any additional business licenses in the City of Philadelphia, you will first need to obtain an Activity License.

Credit card debt is around $4k and we have one car payed off and one with about $10K remaining on the loan.We make enough to make the minimum payments on everything and have maybe an additional $1.5K a month.A lot of the suggestions in the student loan posts were to move into a duplex and rent the other side out.

That is the product that will allow you to refinance a single family home in an LLC.

However, the agent said that it can be legally a 4 unit home, with an additional unit in the basement.