As a matter of fact, I prefer pet rent because an extra $25, for example, is $300 every year they stay ... whereas a pet deposit is only about $200-300 once if there is damage beyond wear and tear.

The second property will either go in my name or an LLC name, depending on what I hear from our lender – or you fine folks suggest.

It was money well spent and now pales in comparison to the money we make on our deals.That being said, there are plenty of fly by night folks out there and the out of state thing does make it more difficult but not impossible.

On one I contracted myself out for work on extra jobs and set that money to the side till I had 10k saved and used it for a downpayment.

Even as well as I think I watch my money I know looking at a $17,000 difference in what my loan balance would be I know I prolly squandered a decent amount of that extra $250/m in cashflow.

Ok folks, I bought a quad at foreclosure auction that currently has tenants in 3 of the 4 units.

I also had a couple of other folks at the same time I was considering who were not going to be able to check out places ahead of time either (all military).

In otherwords if you had 200K in an account, do you want to show the bank you have all that extra money??

With a 30 year you can always add extra in your flush times to reduce the time of repayment at your option.

What are the most common reasons average, non-investor folks would have their home owned by a trust?