Hope 2020 and beyond is better.Thanks Chok,I’m one of the easiest people to contact due my online presence.My phone number and email are listed everywhere.I’m also on all social media profiles.The pure fact that I’m replying to you 45 minutes before midnight on New Year’s Eve speaks for itself.I’m very disappointed regarding your comments about my property management team.They are not lazy and they definitely don’t overcharge investors for no reason.Since you made this a public matter and are bashing our/my reputation, I insist on keeping it public for all to see.Thanks again and have a great evening  

Already approved for $200k 203k loan but interest is 8%Goal: get 1st rental (already got a client to rent it for $1500 a month)How would you proceed ?

It is my understanding that you can not use "Passive Income" like rental proceeds to fund a solo 401k.

Regarding late rent, as soon as your state law and lease allow, you provide a letter stating that if the rent is not paid in full by X date, you will start eviction proceedings. 

This landlord owner is now facing an eviction proceeding since the person they approved to put into the townhouse stopped paying rent after moving in. 

I'm not an attorney or CPA, so consult them before you proceed. 

If you decide not to proceed with the investigation because of their current situation, that’s your call, but I don’t see how you’d trust them in your house anymore.

I have zero evidence to back this up, but if I worked for one of the companies being bashed in this thread this is exactly how I would respond. 

He wants the proceeds from his home sale, to be used to pay off the $65k Reverse Mortgage on his Parents' home.  

In most of the 35 or so deals i've been in, i've had little to no taxable distributions until year 7-8 on our typical 10-year hold period, so a 10% cash on cash return is an effective 13.33% for example when you compare to other taxable returns if at 25% bracket,        The syndication next can roll the sale proceeds into another larger investment, like-kind, 1031 exchange and not have to pay any long-term capital gains taxes, about 20-23.8% nor any depreciation recapture tax about 25%.