I suspect the brokerage community is going to start telling their agents to turn in violators.one of my Oregon bird dogs just put a sign in the yard neighbor got pissed off as they wanted the house turned him into the state .. its kind of like getting a DUI  cost you about 10 to 15k first offense and a cease and desist..So then I went on to ask her about transactional funding as I have been a party to that a bunch of times and wanted to make sure I was legal.. she said NO way.. they deem that as some sort of fraud.. idea is the lender and wholesaler are in cahoots and scheming and marketing a property they dont' own and its prima facia evidence when they see two deeds in one day and a middle man payout.so bottom line you need to get into title and stay there for a few weeks BEFORE you market the property.. but as the regulator said.. they only respond to complaints right now.. so don't piss off any sellers or agents  LOL. 

midwest lot rents can vary depending on where you are....ive seen them as low as $125 a month in a major metro(really under market) and high as 500-600 range(chicago area) maybe higher in some parks therenot sure where this park is...but its could be right in line with market or under by 25-200 bucks...just depends

Hi good afternoon everyone. I really appreciate any advice given. My husbands fico is 640, after working in a dairy farm for 14 years he changed his job field to construction work. Now he makes double what he was maki...

Pay that property off, which will then open up another loan line for you to use and finance another property. 

Treat it like a business, you may feel bad at times, but at the end of the day you aren't their friend, and this is your money on the line.4.

Calculate your bottom line using 70% of ARV (After Repair Value).Do not spend more than (.7*ARV)-RC (Repair Costs)Example: House is appraised at $100,000 *if repairs are made*...7*100k = 70k.Repair costs are expected to be $25k. 70k-25k = $45,000 (DO NOT BUY THE HOUSE IF IT IS OVER $45k)Take another look at the ‘going rate’ of rent in your area, make sure your cash flow is enough to cover ALL costs and include a buffer for taxes and unexpected repairs.Look at the property yourself - try to eliminate assumptions.Have a trusted professional assess and confirm info about repairs that may have been overlooked.Look at how much work you can do on your own and compare it with contractor rates to complete all repairs.

Sorry to confuse you but, bottom line is, LLCs are not tax saving vehicle, they are for asset protection. 

My income fluctuates do to my freelance work.I have an amazing credit score 799I tried to get a line of credit and got rejected from my bank.I now have an offer to refinance and get cash out for a total of $375K loan at 4.5% for 30 years (That gives me a bit more then $175K out)My plan was to keep my mortgage as is rent my place out to cover it and get a new multi unit to live in and rent.

There is only a 2 week period properties are empty to allow for turnover repairs & cleaning.

A investor that has a bottom line and crosses that line is not a good investor.