I am 12 months into 60 month balloon, interest only at 9.6%, $400 per month.  1st position lender is same terms as me and has asked me if I am interested in taking him out.  

The experienced investors know this and so most are very reluctant in taking someone "under their wing" without really knowing whether that person is actually going to stick through it.So the best way to go, is learn as much as you can.  

As a LL to low income tenants, where would you draw the line in "taking care of your renters?"

Morros, if you run into anything outside of B'ham city that's under 40k I would be interested in taking a look at it.

I'd be interested in taking a look at the house itself.

If you are not interested in taking the commercial loan, then it will have to be in your friends name and/or yours.

Know your expenditures and your gross intake to learn abut your NOI (net operating income).  

In addition to scope of work you should walk them thru your expectations, job site clean up, safety, handling materials, assisting in take offs if needed, recommendations, work hours, crew size, duration, schedule, payment, payment process, warranty, equipment operation, etc... 

We are looking for others to join a lawsuit against Success Path, Flipping Formula and other companies involved in taking millions from people promising things they never deliver.

We take great pride in taking problematic properties and turning them into cash flowing assets.