Interest only, say a five ten year balloon and no prepayment penalty.WIth your other properties encumbered you can buy new properties and then assign the needed collateral and release the other.Now, there is a scam type deal out there that has an agreement where a borrower can substitute collateral at will, at their whim and on any property they choose, very dangerous!

Home equity loans can be very dangerous, especially for someone who will be learning to modify past spending habits.

When properties are held that are in disrepair, that pose a dangerous condition, that lack security because a front door can simply be pushed open by an eight year old or has a septic system that backs up often, you probably have a slum property.

Hey Marie,I agree with you that disclosures in general are poorly constructed; just to clarify the exact wording of the disclosure for this issue:"Are there now or have there ever been any underground tanks or toxic or hazardous substances such as asbestos, urea- formaldehyde, methane gas, radioactive material, radon, mold, benzene or other environmental contaminants on or in the property?"

There is less risk to the LOA than the Sandwich, as you are out of the deal, as opposed to being obligated in the Sandwich to pay the Owner if the Tenant buyer does not pay.Contract for Option to Purchase and a LeaseIn some states giving an option now is dangerous (e.g. equitable interest), so you lease with a Contract for Option to Purchase, place the Option in escrow, and when tenants finish the lease they get the option to buy for a period of time, like a Contract for Deed.There are other ways too.And, a tax benefit to options, according to IR Section 1234 option consideration payments received are tax deferred until option has either expired or has been exercised.http://www.law.cornell.edu/uscode/text/26/1234Hope this gives you some ideas!

She then goes on to tell me -since he has no problem defaming her character - that he has a substance abuse problem and has a tendency to forget conversations.

ALWAYS respond quickly to a report of a dangerous situation.

This law applies to certain properties only ("distressed homes" that are "in danger of foreclosure") and to certain transactions only ("distressed home conveyance" where a "distressed home owner" continues to occupy the property).

Pulling the max amount (most banks offer 70% LTV) would either A; kill cash-flow, B; dangerously over leveraged, or C; a combination of the two.

I've read that there are amazing areas and then areas that are really dangerous.