It is actually a 10/1 ARM, so after the first 10 years the rate will adjust once per year for the remainder of the 30-year term.

It's like taking school children hunting without teaching them fire arms safety.I don’t get answers from the SubTo Community, apparently they are taught to ridicule and disparage anyone who questions “The Dear Leader” Shall I go on?

It's important to understand that there are other time clocks running against the deal also.Sometimes they ask for armed security which is more expensive , and in my experience that does not mean they are going to protect your property with their sidearms .

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Rogelio,I would check with a local Title Company to ask generally what they have seen in the past.Check with an insurance agent, even specifically the borrower's insurance agent, as to required terms.Finally, armed with that info: work with an attorney to draw up ironclad docs.My 2 cents,Mike 

Step up into the 300k or high as you can and you'll see some great appreciation, quality renters and shorter vacancy periods if any.Sink as little into Dead Equity as possible, write off everything you can and after 5 to 7 yrs, when you click on my website and see: 100% 80/20 680 score, NO DOC Hybrid Option Arm with 1% min. payment rate100% No PMI to $1,850,000100% No PMI- one day out of BK to $1,000,000SELL, SELL, SELL, SELL EVERYTHING!!

HomeVestors has a powerful and well recognized brand in my market (Dallas) and we have a huge marketing-arm that allows us to get in front of very motivated sellers.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

nor is pesky repairs that don't show up until a few months or years of a tenant living in a property.i say all this not to discourage you but to arm you with facts. i don't want you to be surprised like so many others are.and: partnering, tapping into equity, anything else 'creative' just means expensive.