If a family member is lending me money to go towards a downpayment on my next investment, do I need a lawyer to create the promissory note?

An institutional lender would work on a similar draw schedule but might lend at a higher LTV or change the draw structure.All that being said...don't get too bogged down on the details yet. 

They can see this on the title transfer, now while lately they have been turning a blind eye to this you bet when these foreclosures start to pick up like they are and banks start tightening their lending again they will start to call those loans in.

Hello BP Community,
I am curious if anyone knows or has experience with how a W-2 from an S Corporation that I own 100% gets counted for DTI ratio. I'm familiar with the two year self-employment income averaging and ...

DM with details and happy to help or lend advice.

@Samantha Pancoast I haven't looked a lot in to them but there are several peer to peer lending/crowdfunding services like 'lending tree' and 'lending club' that may be an option for you?

I have been some good  commercial lending referrals, but  now looking for property managers with small apartment  experience here in Colorado.Thanks for the shout out to @Stuart Grazier I will try to connect.BTW I like the Honor and Equity branding you have, Would love to  connect and hear what you do? 

@Austin LargusaSounds like you're already hooked up with someone, but I've had STR clients use Visio Lending for a DSCR loan.

Analyze your total budget (how much money you will have to actually purchase a property), talk to your banks or other finance institutions - they will tell you your credit limit before handing you out any money.

And the other allocation that was the product of the 1031 you'll be able to do another 1031 exchange on.Kind of the ultimate house hack - part tax free, the rest tax deferred, and all of it at advantageous lending terms.