If it is being remodeled and we can't live there, it kind of defeats the purpose.

So if you have to leave to do it, it kinda defeats the purpose.

It defeats the purpose of having the tenant on a month-to-month lease.

It sort of defeats the purpose of offering it as-is if you give the buyer an escape clause if they don't want to take the property as-is.

I could pay it off early, but that kind of defeats the purpose of paying all the costs associated with financing.

I could have written that 30 years ago, had there been pc's, an internet and BiggerPockets.When I graduated in CA in '81 with my RE degree, interest rates, unemployment, and inflation were all in the 15-20% range, the S&L crisis was in full bloom, and I spent a good part of my senior year doing research projects for the local landlord association on how to defeat the local rent control initiative.After graduation, everyone said, "you wanna do what?

That defeats the whole purpose because you are buying into bad leverage or a complete owner finance deal where you stand to lose money. it's a dance between seller and buyer wants to see if a deal can be had that works for both parties and many times it does not.

So while you can continue using the LLC for future properties, it can defeat some of the purpose of the LLC in that you are attaching liability from different properties to the one you currently have in the LLC.Many investors who work through fix and flips have found the Series LLC to be the idea entity for this type of issue.

Assuming his current property is not 75% LTV, this would take some cash so probably defeats the purpose.It would work to have his girlfriend get an FHA loan, but his name would not be on the loan or title of the property.

The other continued to stall my refund by claiming to present to me dozens of so-called success stories, replete with these alleged victors holding up checks from their "awesome" deals.I was sitting around several days after by last defeat and got to wondering, staring at those big figure checks when my curiosity got the best of me.