My sister has a condo as a second home and her monthly liabilty to the hoa is never the same as they accrue maintenance expenses, you can't run a rental like that like you could for apts. or sfd.

Out of curiosity, how did not being an agent kill the deal?

The lender will give them the balance due and the per diem rate (interest to accrue for each day beyond the payoff) and the closing agent will compute the amount to the date of settlement.

that makes a ton of sense Rob. out of curiosity, how many leads do you get with your source of marketing and how much are you marketing?

The banks require I get a W9 from the tenant so that the interest that accrues goes to the tenant (it's not my money after all) for IRS reporting, and I am simply named as an escrow agent on the account title.In a few months I will have some new 12 month tenants, and I will be looking at a master account with sub-accounts for holding the security deposit money to see if I get any advantages with that arrangement.But regardless, I strongly suggest that you do not commingle funds of any other party with your own funds, whether that party is an entity or a tenant.

I hear alot about the Florida & California markets and it peaked a curiosity (we all know what that did to the cat) but I think I will have to wait on those and concentrate on KC.

This is a forebearance issue, accepting future payments after a default.Draft a letter explaining that under the terms of her note that all payments received are applied first to accrued interest and then to principal.

However a buyer of mine that's bought a few rehabs from me actually lists the property right after he buys it from me, I did ask him about this one time just out of curiosity.

If I was to accrue a pretty decent amount of equity on some investments... lets say over the course of 2 years...

if you want to know more about a credit repair in you area try doing a research at www.progressiveautocredit.ca, i'm no technical type of guy but at least i don't let my curiosity hide my ignorance. there are a lot of cons and illegal company out there. in the long run, it's us who will suffer the most. it's like using a soccer ball on a basketball game.have a nice week everyone!