This probably seems attractive but at the same time if it stays unpermitted it can be head aches along the way and if i were to ever sell in future run into the same sort of problems. 

Due to the bias against low down payment loans from sellers and sellers agents these buyers end up getting the worst of the houses.  75% of the multifamily market in Worcester was built between 1890 and 1920 and have major issues. 

In Reno, we analyze the entire market simultaneously to sort the best potential cash flowing deals.

All that to say, PMLs are usually more concerned with the value of the property and will lend at a lower LTV regardless of ATR (ability to repay) because they know they can take the house for 65 or 70% of the value if you default in a worst case scenario.Hope this helps!

The information sources in Germany are mostly scam - all sorts of 'experts' who claim it's possible to get a loan with 0% interests and a yield of 50%... 

I have looked into the PadSplit model and am interested, however, pad split is mainly into finding renters and not so much being there for turnovers or other things. ( At least that was my understanding.)The representative I talk to with PadSplit, told me that some owners find an additional manager that charges them less than of a fee because they’re so little for the additional manager to actually do due to padsplit systemHas anybody dealt with this sort of thing and found an additional manager to work with on this particular model? 

Or you can decide on a 60/40 or 70/30 split of some sort. 

Isn't some sort of certificate of compliance supposed to be secured by the city inspector saying as much?

No, after doing many flips I know what my guys charge, so I have a rough estimate of worst case scenario and work up from there. 

Hey Victoria,So there wouldn't be any sort of income taxes related to this transfer of property as it is not considered a sale or exchange.