Permits and LLCs for Contractors:Your associates/relatives don’t necessarily need to create an LLC to perform renovations.

Here’s the TRUTH - If the entire Federal bureaucracy shut down tomorrow, within two years ll NECESSARY functions would be performed by private sector and private charities, the charities  which would have more than enough money from donations from the public no longer paying taxes to fund the bureaucrats, the congressman and Senators $25 million each in “speaking fees” the waste and fraud currently being exposed that has the political establishment scared to death, as well as not having their savings robbed by the inflation caused by the currency “printing press”.  

I think some folks search for discounts so that's a way for being promoted.Seems guest dont rent a 4 bedroom house unless they have triple the amount of guests they originally reserved for.  

So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Transaction volumes will continue to be slowed, but homes that are priced in the $160,000-$250,000 range continue to perform best right now for resale.

Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

I’m not claiming to know it all—I’m here to learn, build relationships, and grow.Here’s what I bring to the table:A strong understanding of leveraging Net Operating Income (NOI) to secure financing and reduce out-of-pocket costs.Experience in negotiating deals and identifying opportunities, especially in the LA market where many multi-family properties are under $2 million.Skills in managing larger properties, from scheduling repairs and upgrades to optimizing operations for long-term value.The ability to use AI tools for data analysis, market insights, and deal projections to help us act quickly and efficiently.I’ll be upfront—my funds are limited after dedicating the COVID years to supporting my family, but I have the work ethic and expertise to find and manage properties that perform.

I’m thinking with a 2.25% rate, that’s a good mortgage to hang on to if it performs well as a rental.

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.