It is true that multifamily properties are less common.What yield are you after?

Pipe leaked after closing.

That being said, they will likely not go after you and call the loan, but they very well could.

After listening to his podcasts, I don't have questions because he's already asked them.I got into a different program before I learned about Seth, but I do soak up his information.

What happens if the water service line has to be replaced?

A renter does have to stay current on every payment after they file though, or you can evict with a court order.There is much more, but for purposes of renting to someone who has filed in the past, not a problem if they have good income.

If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

That furniture will be foul after this guy was in there.

I a analyzing a cash deal for $420 that I will leverage after purchase leaving me with approximately $200k in cash plus the $100k in equity.

., its illegal until after 30 days.