Keep a stack ready—private lenders pre-papered, a hard money line for fast closes, and a HELOC/LOC for earnest money and draws—with the refi route set before making offers.

So the first year I paid $3,000 plus $1,070 or $4,070 the first year for $36,000 (11%?).  

They paid the security deposit and rent was due at move-in. 

Quote from @James Sloan: What do you all think of this attitude: I would sooner have, hold, pay off, and manage one property well, than many which are average: it is better to do well with one property at a time than to own more than one average properties: you only need one paid-for property to keep personal freedom: when one is not enough, it is time to upscale by trading for another property which sufficiently challenges you.

I just bought a window unit energy star for one of my properties that cost  $388 and with the $250 rebate I only paid $138 for a dual inverter 6000 BTU LG.

So when the note is paid off via refinance, They receive principle repayment which is not taxable income correct?

Hello, have a doublewide house that is paid off currently worth $230k and renting at $1600 per month.

Hello @Michael Santeusanio,You’re right, the two key factors are time and interest rates.TimeThere are two important timeframes with loans:How long it takes to get pre-approvalHow long it takes to close once the property is under contractPre-ApprovalWe require clients to be pre-approved before we begin working with them.

The seller would likely be taxed on the gain on the sale as determined by their basis in the property, as well as on any interest that was paid to them.

There are a ton of tools within his program that are useful, but none of that stuff matters if you can’t get deals bought/funded through them which is the only reason I paid my money.