I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.

I also purchased my last property while being overseas.

Hello,I'm a rookie real estate investor currently house hacking in the greater Asheville NC area looking to purchase a mid or long term rental property in a nearby area.

Should the purchase of the property be made with funds from the new LLCs bank account along with all other expenses?

OTOH he wouldn't have to finance the land purchase or the demolition at today's interest rates.

In short though you're going to need a purchase agreement and could even use the standard real estate contract, and some people use a warranty deed.seller financing is when you don't have to give the seller some or all of the cash at closing, and then you don't have to get a mortgage (or as large of a mortgage) and you're able to make payments to the seller.

Purchase price: $90,000 Cash invested: $5,000This property was my first BRRRR.

THIS WILL BE OUR FIRST HOME PURCHASE (3 CO-OWNERS).

I just quoted a 7.5% rate on an 80% purchase with a 1 year pre-payment. 

Most work this way: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.