If the local market corrects or you need to dump quick you will be overleveraged with no principal pay down.How much extra cash flow are you getting with the interest only loans per month per property??

As a principal you may not need a realtor involved, keeping the costs much lower, depending on Texas laws.

Stay with mail principals (personal reps) for now.

I can say a bedroom at my grandma's house is mine too but that doesn't mean its my principal residence.

I was just analyzing a multi-unit property and came across 'Principal Recapture' under the income (net) section.

No standard note listing agreement and contracts vary depending on the principals, loans and deal structure.

Bill Gulley said, "That's why you'll see someone's name and then Real Estate or Realty (you can't use Realty unless you're a Realtor BTW" This might be a state specific thing, in NJ and most places you can use "Realty" in your business name as long as your acting as a principal in your own deals, not trying to do brokerage work for others that would require a license.

Here's my usual deal:35k purchase 800 a month rent50% rule - 400 for expenses350 for HELOC loan (90 going to interest rest going to principal) - 7 year am :(I'm getting 7% ROR off of the financed amt, but I didn't put any money into it.

I have done a couple with a large developer that a friend of mine knows a principal of.

Note terms are pretty much designed to the deal, usually longer than a year and less than 5 with amortizations as Jon mentioned including principal and interest.