Further, I explained and gave an exact example of how debt obligations does not create excessive loss in comparison to equity, in fact they are indeed equal.

I can pay $300 more per year to get that to $1.5M using the umbrella/excess insurance policy.

Trouble is there is $80K in excess debt on the table.

He spent probably in excess of $25,000 in legal fees to perfect Texas lease options, especially since Austin changed the rules on lease options.You see, the crooks in REI in TX were bad guys, selling crap houses to Hispanics, selling on terms like rent to own and CFDs, the crooks not recording ANYTHING, foreclosing and evicting like the old West, and in 2005 Austin let loose on the public "executory contract" TX laws.Bottom line, "scare the heck out of REIs selling houses on terms.

A party of interest in the property that was sold at tax sale may assign his or her right to claim excess proceeds only be a dated, written instrument that explicitly states that the right to claim to claim excess proceeds is being assigned, and only after each party to the proposed assignment has disclosed to each other party all facts relating to the value of the right that is being assigned.

I think you've always got to keep SOME liquidity on hand, and the amount you should keep on hand is usually a factor of the age of the property, it's cash flow, and how expensive (or inexpensive) the thing is to own in the first place.When I start getting excess liquidity, that's usually my sign that it's time to take a chunk of that cash and put it into another income producing property.

You will be more productive and land way more deals as long as you are driven.End goal to have at least 20 rental properties fully paid for that are cash flowing excess of 4000-8000 a year each.

Steven Hamilton II That formula will bring me close to 0 or negative ARV is 25k - 30k repair is excess of 25k retail without sweat equity which I can not do in IRA to make it worthwhile which is why i am looking to distribute property. does that make sense to you?

Duties as a property manager seem straight forawrd, flipping to a current market value with few improvement expenses is probably harder to identify and pulling in an excessive profit for the benefit of Officers or Directors could lead to problems, especially if the 501 tax benefit is pulled.

The costs I would tell you would be on the excess of $50k and could be $175k depending on what you want to get done.If this is starting to sound more in depth than what you expected.