So the title says something like '123 main st trust, John Smith trustee"The beneficiary is a LLC.The holding entity that owns the LLC is a Family Limited Partnership.So there are three entities that flow down in ownership top to bottom.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

if you can get a head of the game with preferably a "Loan Commitment" letter from a Bank/Lender versus a Pre-approval it can increase your chances on the offer being accepted.

Investment Info:Townhouse buy & hold investment.

@Carlos Ptriawan it's hard to say what 2024 holds but my expectation is that interest rates going down will revive the market.

I have done 2 successful flips and also have one 1 buy and hold.Now that I have a little skin in the game I’d like to ask my dad who is 62, with a 6 figure 401k to allow me to use $50,000 to invest in more real estate.

@Kenneth Fernandez I’ve got my eye on one in my market but I want it for a buy and hold.

Again, it's a hospitality game not just buy a convenient location and price decently with basic stuff and i'll be in the black.

So, if you can make a deal today at today's rates that cash-flows positively after refi, if you manage it well and hold onto it over time rents will likely increase and you will likely be able to decrease your expenses when rates go down and you can refinance again.

In my experience, it's usually a red flag when tenants start playing games with the prelim.