We have some great back country roads around the lake that any road race driver would enjoy, for me, at times, a few of those "S" curves that I know like the back of my hand are just too much of a temptation.I'm happy to hear Jay that you have enjoyed your method in your construction deals, but you and your attorney are misinformed if you think a note sets a partnership, it may have the effect with similar outcomes.Repeating what you do doesn't make it more correct or prudent, people should not be doing this, you can, if you have issues, you're a big boy, you can handle the issues or losses or ramifications, others can't so well.My temptations running through those curves is much like yours in doing deals you like to do, if I get a ticket, I'll just pay it.

Remember that effective real estate investing can be slow going at first.

The other issue as to collateral, another example could be where "qualified bonds" (being government issued bonds "A" rated or better) can be pledged to reduce or even eliminate collateral risks.

It effectively halves my costs to get this direct mailing campaign ball rolling.

when calculating your ROI on a rental property - do you eliminate the principal portion of your mortgage payment since you are essentially paying yourself?

In a nutshell, it will be much more difficult to get approved for a loan, and fewer choices.There are countless sources for the details of this reform, and it's rather wide-sweeping, but here's a summary of how it affects mortgages:http://www.quickenloans.com/blog/new-qualified-mortgage-rules-effect

You might wanna read all the posts about the upcoming Frank Dodd rule that takes effect next month.

During the time prior to a lawsuit being filed, the owner of the property can purchase a bond in the amount of the lien to effectively remove the encumbrance until a judgement is finalized.

Just a heads up you cannot create a loss (with the Truck purchase as a 179 deduction) in the S-Corp.BUT it can eliminate all profit(s) then the balance of the truck needs to be depreciated.

needless to say I told him to shove it up his ***, and proceeded to get told a story of how the judge berated this a-hole for both not paying rent and filing a rent escrow case. fine by me, ill win that too than take both of their employed asses to collections, plus eliminate yet another headache.lesson, don't fear bad tenant,...take reported issues seriously, but show it who's boss at all times.