Originally posted by Account Closed:I get 5.75% and own 24, so I disagree saying the money has to be in the 7's with 80% LTV.

If it is disregarded, such as an LLC, Then take distribution and use your personal investment account.

Originally posted by Account Closed:@Rupesh Singh $600k could get you a solid 4plex in a Seattle suburb like Everett, Tacoma or Kent.

Hi guys,I know there are tons of discussion regarding getting a loan under your name and putting the title in your LLC.May be I am not looking hard enough but I can't seem to find how to do accounting in this situation.How would you bookkeep expenses (closing costs, property tax, mortgage interests, etc )? 

I am thinking once it hits the bad guys account they have within 30 seconds moved it off shore.this all started when title companies would not take personal checks.. because lenders and such could not get there docs there until last second.. so no time to clear a check.So then the title co  required cashiers checks.. well that went along for a while until the bad guys figured out how to forge cashiers checks.. it was really bad in Florida for instance.So then it went to wires were we are today.. and now with everyone relying on E mail. and the ability of hackers.. once the bad guys realized how much money flowed and how many to most of the folks doing this were newer it was like katy bar the door.our process since we wire every day.. is two fold request from closer and at this point we might be on deal 30 with the closer and have their coordinates.. any e mail that changes their wire.. the big one is Hey we just moved banks here is our new wire info.. that is HUGE red flag and we go into telephonic mode.. most of the closers I use I have used for many years so I know there voices.. 

Originally posted by Account Closed:Bonafacio,I know a trusted contractor in the area who generally works on larger projects than yours, but if you need a second opinion or someone who can verify work being completed by your contractor PM me and I'll send you his info.Would love the info I'm opening it up to any and all local contractors. 

when it comes to monthly cash flow I ask myself the following question: how much money would I need to make per month to justify taking on the added responsibility of dealing with this property. for me that answer is $250 per unit cash flow, after all expenses and accounting for repairs/capex.

Can i buy a house, pay 20% from the LLC account and then make a loan to the LLC for the balance?  

Ken, I use VRBO/HA and Airbnb as well as use Craigslist to point to my Homeaway account. 

Of course you won't get money for the reservation but you also won't get any derogatory marks on your account.