All Forum Posts by: Marty Martin

I have a lead through someone I know of a group of retired professionals with money to lend, although they, nor myself, have any formal idea of what to do.

Can you good folks share how you've set up promissory notes, or shares in an LLC, interest rates, terms, etc. on how you've set up deals like this? I'm primarily looking for down payment assistance so I can purchase more in a shorter period of time. I'm about to close on my first deal over $1m and will be cash short after the closing for a while.

I understand normally you can't use borrowed funds for a down payment on a mortgage, although I've seen some posts about letting it "season" in an account for a couple of months.  Anyway, I'm just interested in how you would approach, or have approached, the above scenario.

Thanks!

I'm from the Roanoke area. Growth is slow but stable. It's a good area. I have a rental there and am looking for others. 

I'm just getting started myself and trying to figure out if going SFR or larger MF (20-100 units) is the better option. I have one SFR rental, so I'm not deeply invested, but agree, the financing on larger properties seems a lot more complex. I suppose because there's a lot more investment money on the line is one definite reason, but I'd love to hear from someone on how they made larger MF work for them.

Could you refinance to a non-Fannie/Freddie loan?  That obviously doesn't solve the courts not accepting eviction suits, but would bypass government interference...?

The link at the bottom of your original post @Dave Meyer doesn't work.