I was speaking to an investor I met regarding the BRRRR strategy I was planning to do a propert I just picked up and he mentioned he does this process with a slight difference, he doesnt refinance!?!?!?!

Strictly speaking of the construction, including excavation and foundation work, one should be able to conservatively average out what it takes to build one.

Currently speaking with a couple lenders and numbers in each area (cc and rate) are all different.

Then, upon stage 2 (completion), the money in these accounts would be invested into the property, which would be applied to the principle of the mortgage.Legally speaking, what would this type of relationship be called?

It's helps that my pm is a licensed general contractor so I give him a dollar amount and tell him not to bother me unless a repair is above this amount and if under even a dollar just get it done send me the bill.Note: I have not owned a rental before this is only my plans after I close next month so I can't speak for anyone but my ambition.

All investors want the amazing loan terms that you can get in your personal name, but then they speak with an attorney about asset protection and the attorney tells them to put this in an LLC.

The interest rate you speak of a compounded cost and the CoCR is a simple interest applied to one year.Once again, percentages rear their ugly head and lie to us.

You need to speak with an attorney about how to structure your business.

If you allow the previous tenants to speak to the new tenants, it may open up a can of worms and cause more issues for you down the road.

My family is from South Sudan and moved here right before I was born, being a first generation immigrant, and my mom not being able to speak english we’ve had our fair share of struggles over the years.