This agreement with your general contractor acts as a roadmap, with clear expectations and protection for all parties involved.One frequent mistake is the failure to include sufficient detail or being too vague.

The building is now vacant in the bottom portion including by sister's business.

I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

Purchase price: $86,000 Cash invested: $2,500 After being done with Rich Dad, Poor Dad, several podcasts (including bigger pockets), and other resources we were desperate to take action.

By doing this, you are extending the policy's coverage to include your property manager, should they be held liable for any incidents or accidents on your property.Why is it important to add your property manager as an additional insured?

However, in the last couple of years, GLVAR modified their PM agreement to include an option for PMs to collect fees while the property is vacant.  

General Partner is elderly fatherb.  12 Limited partners - all children , spouses not included - cheaper by the dozenc.

Next Mortgage Note will include full loss of interest on the investment property for the GCDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I even included that in my "Debt Strategies" presentation that I give at local events.

Compare this to your total monthly costs, including mortgage, insurance, taxes, vacancy and maintenance.