My bank has launched a portfolio loan that would allow a qualified individual to buy a 2nd home loan with just 5% down, No MI and very attractive rates.

@Sipan Y.Good question, and one that comes up a lot with BRRRR investors.From a tax and lending perspective, here’s how it works.If the property is titled under an LLC, you typically can’t refinance it with a conventional loan, since those are for individuals, not entities.

At the end of the day, once you’ve got stabilized SFRs with leases in place and can show consistent rent collection, you’ll be well-positioned to refinance each property individually and complete your BRRRR strategy.As for your question about prioritizing a local lender — it really depends.Local lenders can sometimes be private lenders who’ll help fund the purchase and renovation phase, but they typically don’t offer long-term loans.

I personally do not like using social media (there's so much hate and negativity) so I am limiting my engagement to the forums where like minded individuals reside. 

In fact, I know investors who list individual rooms for both short- and mid-term stays with solid success once they build good systems for turnover and screening.Ultimately, it comes down to goals, risk tolerance, and lifestyle fit — there’s no one right answer.– Jason KofordDFW Realtor & Investor

I'm glad to join this community and start connecting with other individuals in the real estate market.

I'm glad to join this community and start connecting with other individuals in the real estate market.

I’m considering a 1031 exchange and would like feedback from investors who have experience with mobile home parks, particularly smaller, park-owned operations.Current Property (Selling):Duplex purchased in 2021 for approximately $145,000; estimated current value around $210,000\Loan balance: about $90,000Gross rent: $2,400 per monthNOI: approximately $16,000–$18,000 annuallyCash flow after mortgage: around $750–800 per monthLow management requirements and stable tenantsReplacement Property (Under Consideration):Seven-unit mobile home parkAsking price: $395,000Rent: $750 per unit plus $40 for water (total $5,530 per month; $66,360 annually)100% occupied with long-term tenants, several in place four to five yearsAll homes are park-owned, purchased between 2016–2018 with metal roofs and Hardie sidingOwner pays water and sewer (aerobic septic); tenants pay electric and trashMaintenance handled by one individual for $400 per month using personal equipmentGravel road, well maintained; potential to add one or two additional homesMy Pro Forma:Vacancy: 5%Expenses: approximately 40% of effective gross income (includes water, insurance, taxes, maintenance, mowing, etc.)Estimated NOI: $37,800Financing assumption: $255,000 loan at 8% interest, 25-year termAnnual debt service: approximately $23,574Projected cash flow: about $14,250 annually ($1,188 per month)Cap rate: approximately 9.6%Cash-on-cash return: around 10% on $140,000 downDSCR: 1.6 (strong coverage)If the price can be negotiated to the $360,000–$370,000 range, the cash-on-cash return improves to roughly 11–12%.Pros:Consistent, well-maintained units with matching exteriors.

It’s a structural one.Why it’s happeningBuilders have tools individual sellers do not:• They can buy down mortgage rates into the 3’s-mid-5s while resales are stuck at 6.5%+• They can offer closing cost credits without triggering appraisal issues• They adjust pricing based on absorption rates, not emotions• Inventory carries measurable costs for them, so they act fasterMeanwhile, resale sellers are slow to reprice and anchored to peak-era expectations.That creates a pricing gap investors aren’t used to seeing.The investor angleFor most of the 2010s, investors avoided new construction because it was more expensive, taxed higher, and offered no rent premium.

Right now, there is a very popular individual on Youtube and Facebook, and apparently appears at Bigger Pockets events, who published his book, that advocates these techniques  for buying for full price off of the MLS and borrowing closing costs.