All Forum Posts by: Bernard Joseph S.

Agreed. SFR are the bread and butter for me. If you buy right, it's a simple buy and hold formula that anyone can repeat and get good at. Well done on your end...

It can be done, there are some extra details but yes. Identify the land + build cost within 45 days and complete the project within 180 days total. @Dave Foster will give you a more complete answer but you are not out of bounds.

The LLC is still going to pull from your credit and DTI unless you develop corporate credit. Many lenders won't lend to LLCs also which is another issue. DSCR loans are one way to go, the loan is based off the property itself and it's income. Nothing required from you but a decent credit score and downpayment. The catch is a higher interest rate. Search the forums for DSCR and you should get a lot of information. Partnering with someone else is also another way to go to spread the DTI.

I would walk away. Fast  

I feel Crexi is in the same sinking boat.

 Nothing yet. I checked in this week. My other builds in different counties move so much faster. Lee county is sloooooow 

I already have an LLC registered in Nevada but have not used it yet. If I want to buy a couple properties in Florida under the LLC am I free to do so? Or do I have to have a Florida LLC?

I love how this thread came full circle and the husband and wife team of Ron and Carla tried to play the race card and got exposed for what they truly are. Racists. Have a great day folks! 

Insanity. if you have done your DD and have bought in the right areas at the right price then you have nothing to fear regardless of what happens. This all comes down to buying the right deal, always. Youtube fools will doing anything for clicks