DoT = Deed of TrustWith seller financing there is a deed to the buyer recorded along with a security instrument (either a mortgage or deed of trust).

Purchase price, down payment, interest rate, term, amortization, maturity date, balloon if any, instrument securing the loan, lien priority, etc.

I strongly recommend you talk with Swanny..........He was very instrumental in advice on what to do to find good solid investro focused Realtors in Cleveland before I started investing out there. 

The lender will provide the capital under the terms which you sign for in the promissory note and the lien instrument (mortgage or deed of trust depending on state).

Having a good reserve can hedge the risk to offset some of the risks as well. 3) 50% rule is semi-helpful but not is a blunt instrument.

The depreciation has been instrumental in offsetting my mortgage business income and is a steady motivating factor to continue to buy as often as possible for depreciation sake alone.

What has been instrumental in you starting BRRRR investing?

Not only do I think that’s unsuitable for obvious reasons I also don’t like that I will have to pay for the heat and increase the rent amount to cover that.

If an LLC is the grantor or borrower, the title company must check the existence of the LLC, the authority of the LLC to own and convey real estate, and the authority of the designated individual(s) to sign and deliver the conveyance or mortgage instrument and other related documents.

CA does allow fractionalized Deeds of Trust.. and the general rule is 10 or fewer tenants in common on the debt instrument is fine more than that then securities issues arise.