Truth is, most people say they want to know and then they get distracted with a shiny object.

He bought his first house with lawn mowing money when he was a teenager, and despite the title, seems to be a very principled guy.

So negotiate to make principle only payments on an owner carried note in an amount equal to what the husband needs to replace current income.

At that time, I was considering having one appraisal ordered by me, and one ordered by my partner then taking the average to determine the exit value before we part ways.Does anyone have any good suggestions as to fair, objective ways to determine the values?

From this, compute your P&I payment (principle and interest, not the full PITI payment).

Or, keep the principle secret, you buy in a double closing style transaction.

J Scott With zero invested, I don't think you can compute a meaningful IRR; and the NPV (which will equal the PV since the initial investment will be zero), won't necessarily be positive -- and if it is, your objective then is to decide if it's great enough to justify the risk.

The owners might still be living in the property as holdover tenants, the property might be vacant but have valuable property the owners are using for storage and eviction has to happen, or the house is totally vacant and needs to be trashed out and cleaned and winterized depending on time of the year and climate.During this time the bank or asset company is having the broker that is to be assigned the listing complete a free BPO and then they also order 1 to 2 other bpo's that pay other brokers directly to do for an objective third party evaluation.

Lets say that your expenses (everything except the principle and interest portion) run 50%, so that leaves you 5,700 for your net operating income (NOI).

The big advantage to a solo 401K over self directed IRA is no taxes for using non-recourse loans to increase your purchasing power.Second, if you invest it as a Roth investment in your 401k, the principle can be taken out any time after 5 years from when the account is opened without penalties since it has been taxed already.