All Forum Posts by: Jeffrey Tallie

Alright sounds good thanks for the advice 

Alright sounds good thanks for the advice 

If I'm low on capital do you think it would be better to get an unsecured revolving business line of credit (not a credit card) backed up with a personal garrenttee between $50k to 100k to use as a down payment (with a llc) conventional 20%/25%/35% (I honestly don't know how much percent the downpayment would be one of the three) on a small commercial investment property 5 to 50 units instead of getting A fourplex with a fha and househacking it and only having to put 3.5% down. Trying to think long-term since this is my first investment property. I was thinking maybe if I had like 10k to 20k cash I could leverage my money to get some business credit if that's possible. Or should I just take the 10k to 20k cash and househack a four plex with a fha loan.

If I'm low on capital do you think it would be better to get an unsecured revolving business line of credit (not a credit card) backed up with a personal garrenttee between $50k to 100k to use as a down payment (with a llc) conventional 20%/25%/35% (I honestly don't know how much percent the downpayment would be one of the three) on a small commercial  investment property 5 to 50 units instead of getting the four plex with a fha and househacking it and only having to put 3.5% down. Trying to think long-term since this is my first investment property. I was thinking maybe if I had like 10k to 20k cash I could leverage my money to get some business credit if that's possible. Or should I just take the 10k to 20k cash and househack a four plex with a fha loan.

I was wondering if I should purchase a Fourplex with a LLC I plan on house hacking for tax purposes if this is my first investment property and how much of my monthly rental income i should put back for taxes. I live in Mississippi.

@Patti Robertson thanks for the info

How long does it take to set up a house for a section 8 Housing tenant, and what are the requirements for the property to be eligible?