We are now completing two of our own and will own those 100% with a pipeline full for the balance of 2020- assisted in the purchase of a development for 25 Cluster homes and super excited to learn about the development space and start our ownMore about us can be found at www.kouro.co.za and you welcome to email meWe always looking to empower people within property and actively seek investors to partner with!

This is the language in the company agreement:" a Defaulting Member shall be entitled only to the return of the balance in the Member’s Capital Account without any interest thereon."

As they've owned the home for 20 years and owe $350K on a home now worth $430K, that isn't a lot of equity and is a large balance on the mortgage.

It provides vacant homes, preforeclosures, loan balances, equities, tenant occ, and so much more...Any ideas/opinions?

High-interest rates on credit cards can add unnecessary financial burdens, so it's advisable to have a clear plan to pay off the balance promptly.Considering an auto equity loan on your Ford Fusion or a home equity loan on the mobile home are worth exploring.

For the remaining I thought I could borrow 50% of my 401k to make up the differences of the 85k. but I found out I can only max out 50k so that leaves me a balance of 35k. 

We want to give owners some flexibility and a good experience working with us, but also, contracts are the assets in this business model i.e. if you don’t have some teeth in the language, if/when you try and sell your company later it won’t be worth much.The 60-90 notice period seems to be a good balance.

Better to be surrounded by experinced agents doing what you are striving for than struggling trying to balance all of the license laws.  

Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.

I like the idea of just doing a DSCR loan though like Michael suggested.Some other things to consider:Will the seller of the second property take a short term note for the balance of the purchase price after you eliminate the debt on it?