Guaranteed your in and out of the business quickly with that thought process.

It should.Also, while I suppose the lender could use the DSCR as part of their underwriting it seems odd that they would since most lenders use DTI ratios when it comes to residential property....If the OP was applying for a commercial loan for some entity that holds title, then the property's income might be all that matters (no personal income or credit has to be involved unless they are also asking for a personal guarantee).And a DSCR is only used with commercial loans, so I'd guess that he is applying for this loan with the commercial lending group in this bank (or the bank decided to handle the loan using it's commercial group).

Lazy money is the best money... why kick out guaranteed sources of income.#4 is late and in the middle of a bankruptcy, and her mom is whiney.sounds like the best choice was already made

The SAFE act requires all residential lenders be licensed, and I can almost guarantee you won't want to jump through those hoops for a small $15,000 loan.

For FNMA underwritten loans, a long time ago, I was able to do a 'deed out', sign, 'deed in' maneuver to legally get the personal guarantee and (legally, per loan documents) keep the property in the LLC.

I can almost guarantee she will be more excited about the project and the final product since her vision went into it.I'm curious how it works out...keep us posted and good luck!!

Maintenance (mostly caused by the tenants), make ready expenses between tenants, and vacancy are the three that are almost guaranteed.

The mortgage company I am working with said to do the following:I will guarantee the loan in my name and then the title company can vest the property in the LLC after closing.

So, you're not guaranteed liability coverage for events stemming from your investment property.I thought this was an excellent article that explains RE investing and LLCs.

Is anybody offering guarantees to potential sellers to make them stand out from the competition?