If he can't provide a track record dating back several years, that could be a red flag. 

In nearly 10 years of doing PML, we have a sub 3% default ratio with a near zero principal loss (lost 2K on 9-figures funded in my tenure, which isn't too shabby given our stance on junior liens.)

Since last year I have transferred property titles of my rentals to my LLC.

Hi everyone, I've been a member of bigger pockets for years but have never posted on the forums before.

I have lived in NWA for almost 20 years and love this area! 

My answer assumes that it used to be your residence for at least 2 years after which you rented it for 2 years and never moved back in before selling it.

Looking to buy a brand new house 2023 price is reasonable and charging 0.8-1% of purchase price is do able..my question is financing real estate but my first property is almost paid off and has been an uninterrupted rental for 7 years thankfully 90% paid off, cash is tight...could take out loan against CC at 4% flat to pay off house then maybe leverage paid off rental (private mortgage)?

And was talking to my sister who is renting in Charlotte she was getting ready to move at the end of her year to year lease and gave them a 30 day notice.

Last year I had a similar situation with solar city and they were very cooperative.

Let’s say hypothetically the P/I is $8000, the property tax is $30,000 (divided into 4 payments), and insurance is $4000 (one time a year), and the expected random maintenance  is $2000 annually?