And they essentially buy the property and then in 5 years, you refi and give them the down payment back.

If not, I'll have a property I could 1031 exchange or just sell. 

To make it simple…the investor is trying to buy your property Sub2 and needs you to refinance it into a long-term loan First.The investor does not have to ask the bank’s permission.

I am learning a lot about real estate and want to purchase a rental property in my area.

My goal over the next two years is to buy an additional two properties.

From an appreciation standpoint, is there something to be said for sitting on some properties in a place like Hawaii?

Can I ask how many properties you have and how long it’s taking you?

Hi All,  I have ten properties in Lufkin, including a small commercial building and a short term rental. 

The land is tangible and the mobile homes are considered Personal Property and titled like a automobile.

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.