It can save you money, strengthen your relationship with your property manager, and help ensure compliance with lease agreements.

With that money - I am using it to invest using the BRRRR method. 

Hello everyone, I have recently gone under contract on a property and was able to agree to a private loan with a family member to purchase and renovate. It is currently a verbal agreement and I would like to have it s...

I understand that you don't pay taxes on borrowed money.   

I imagine you’re right about the eviction and at the end of the day it will cost me some money, but at least I’ll learn the process and how to better screen tenants (I inherited this one).If you ever get up to Boston let me know.  

But keep in mind if your using money you cant afford to get back then buying action property might not be appropriate for your current endeavors and its better to just buy open market were you can do proper due diligence and know you have a build-able site.

That said, Texas tends to offer more affordable housing than Florida’s coastal towns, so your money might go further if you’re buying properties for yourself and your portfolio.When it comes to family life, Texas has tons of family-friendly suburbs with excellent schools.

I didn't understand why I could not get my money out of a free and clear asset. 

Eats up time and money getting rid of a bad tenant (not to mention possible property damage). 

How do you know your money is gone ???