I bought my first house on a no doc mortgage with 20% down.

Her credit score wasn't as high as mine, but her income was good, so she applied to purchase the rental property all on her own and got approved.Not sure how it would work with a no-income primary borrower, but it's a good question.

Memberships - that's a no brainer.2.

Financing the closing costs is a simple fix---ask your lender to provide you with a "no cost" loan (a no cost loan is when the closing costs are rolled into either the loan amount and/or interest rate and the lender essentially foots the bill at the expense of either a higher loan amount and/or higher interest rate).

Well, I always get a "No, I just want to rent my property.

Under IRS code Subchapter K of Chapter 1 § 721(a) - No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.Originally posted by "REI":You need to check with the local recorders office, title company or attorney depending on how you are going to handle the paperwork.

Not on a rehab loan""I see you offer a no closing costs/no down loan?"..."

I have not signed the offer yet but I'm thinking of a no contingency cash (well HM) offer.

I'm thinking this is a no but , everyone else I come across tells me I'm crazy for not doing it.I thank you in advance for you feedback & input.God Bless

I seem to be in a bit of a no-man's land looking for a lender in this range for commercial (office, retail, industrial) properties.I have been in contact with some banks, some credit unions and a commercial finance broker with limited success so far.