Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

Appointment setter is tough to do commission only, it can be done but you really need lead flow, they need to have a realistic expectation to get paid in 90 days or less, few people will remain focused for more time than that before getting paid.

The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit.

So, the mortgage remains in place, with full liability as stated in the mortgage/deed of trust for the original borrower.I just completed a RARE subject to sale in which the bank holding our mortgage note agreed, via signed documentation, to allow the sale of the property without enforcing the “due on sale” clause.  

Luxora and her counterparts are trailblazing a path towards a more personalized and efficient homebuying experience, all while ensuring that human wisdom remains the cornerstone of every transaction.

We did not go through probate as remaining properties were taken care of prior to them passing away. 

Prices remain up 0.4% year-over-year.”So when you increased rent 10% the tenant should have bailed.

Of course this does not work as does not count the remodeling added value which is the simple success key.That is good also for investors you could advice: I would plan a joint venture with them participating to the profit on a certain % (instead of asking a fee upfront), so you would remain with a % of a stable return, while your investor could finance back the money from the property and start over again.

So, if my BUY lender will give me 75% and my REFINANCE lender will give me 80%, then I know what numbers I need to use when analyzing a property.For example, if I am ok with coming out of pocket 5% on a home...then I take 80% of the ARV, subtract out the rehab, and the remaining amount is my offer.  

Here are some examples based on common interest rates:At 5% interest rate:Monthly payment for 40 years interest-only = $2,083At 6% interest rate:Monthly payment for 40 years interest-only = $2,500At 7% interest rate:Monthly payment for 40 years interest-only = $2,917--------so 40Y 10YARM vs 40Y IO: $1 LOL :)----------------------------------draw amortization chart for 30YFRM with 7% rate every year for $500,000 loanHere is an amortization chart for a 30-year fixed-rate mortgage (30YFRM) with a 7% interest rate on a $500,000 loan:YearBeginning BalanceMonthly PaymentInterest PaidPrincipal PaidEnding Balance1$500,000$3,326.98$35,000$5,369.82$494,630.182$494,630.18$3,326.98$34,624.11$5,745.73$488,884.453$488,884.45$3,326.98$34,221.91$6,147.93$482,736.52--------------draw amortization chart for 40Y Interest only with 7% rate for $500,000 loanTo calculate the amortization schedule for a 40-year interest-only mortgage with a 7% interest rate and a $500,000 loan amount, we can use the following steps:During the interest-only period (first 10 years):Monthly payment = $2,916.67 (7% annual interest rate / 12 months)Total interest paid in the first 10 years = $291,667 (2,916.67 x 12 months x 10 years)Loan balance remains at $500,000 during the interest-only periodAfter the interest-only period (remaining 30 years):Monthly payment = $3,326.89 (calculated using the standard mortgage payment formula with a 30-year amortization period and 7% interest rate)Total interest paid in the remaining 30 years = $496,869Total interest paid over the full 40-year term = $788,536Loan balance at the end of the 40-year term = $0 (fully amortized)The full amortization schedule would look like this:YearInterest-Only PaymentPrincipal ReductionLoan Balance1-10$2,916.67$0$500,000------------so if you use 30YFRM an sell within 3 years; you are making additional 18k profit guaranteed compare to 40Y IO.