The property I am looking at has equity and only a purchase money loan (1st mortgage).I understand the basics, Wining the bid, gets me the deed subject to the existing loan. 

Roger We offer this product the "auto sweep," checking accoung and when the credit facility is funded (1st position HELOC/line) the borrower receives a checking account # for the sweet account and a loan # for the line.

Why pay $2,000 more and then run the risk of damaging the kitchen table or spilling wine on your white chair and having to pay for a replacement?

Bonus depreciation is an incredible tax benefit, but when you take the time to combine it with the right property and sponsor, that will prove to be a wining formula.Disclaimer: I am not a tax advisor or CPA.

Sweet job and great to know for the future!

Maybe look for a sweet spot where you can raise the rent and not have tenants leave and not need to do immediate renovations

This particular area in our market doesn't have cheaper 3 bedroom 2 bathroom homes so there's a nice sweet spot in the market.

Areas with a healthy balance of supply and demand will have more motivated sellers and active buyers.Consider Price Points: Target markets where homes are priced in the sweet spot for investors, often between $100k and $300k.

BRRRR is a grind and you can't do it using Zillow and email.here's what you will have to do to be successful:-you will have to find the sweet spot BRRRR deal - a house that is distressed enough for the seller to sell below market, but not so distressed that the rehab is impossible. these deals aren't on the MLS, and they are tough to find. how will you find one?

I’d rather have the hard truth than a sweet lie.