One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Depending on the area, Townhomes can be just as, if not more, profitable than traditional SFR.

My realtor let me know that a traditional FHA loan may not be an option, and perhaps a 203k loan would be more suitable.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Neither is a right or wrong strategy but you need to weigh out how each strategy fits your lifestyle and goals.An Airbnb may stretch your profits but comes with higher vacancy risks, higher overhead/operational costs, but most importantly will likely take more of your time.A traditional rental may yield a slightly lower return when comparing one property vs one property, but also may be less time intensive and may scale better (particularly if you outsource the property management).

Interest rate in traditional mortgage may however be lower than interest on HELOC but you write off the interest paid as an expense.

Those of us in the housing industry are concerned about the rise of the Ibuyer - companies that buy your house so that you can buy another one without waiting for a traditional buyer and the months it takes to find them and for them to close.

A private mortgage lender would be your wealthy cousin or coworker who won the lottery, you don't need our advice for that, just hit that person up.

A true private lender is your rich Uncle Vinnie, or your ex girlfriend that won the lottery, etc.

Traditionally, you can't get a mortgage on a mobile home because you could just take it away and the back would have to go looking for it, unlike a house that usually stays put.