Yeah, you can get 10 different corps and then go to 10 different banks and get business lines of credit for $100,000 each with a PG..then merge all the corps together and start spending the money on what you want...Its very possible....although having one corp try to get a million wont ever happen without tax returns and all that im sure..

PG

PG

Travis,There is insurance on the property, but the buyer didn't put the seller financer on the policy as "mortgagee".PG

Basically, it would take a PG and a UCC-1 against the entity (that holds title and collects the rents) specifically naming the income as collateral in lieu of the property.

She said you can bundle 2-10 into a commercial loan (a dispersed multi-fam if you will), gets you back down to your OO home and one commercial. 8 more slots to fill?

All valid income sources on pg. 1 of the 1040 would be added together (losses subjtracted out), then that number would get divided by 12.Connect with me if you have more questions.

I've got 3 properties under contract (short sale) in PG county.

Justin - I am focused on the Baltimore Metro area for now, but if the deal is right I will work in Montogomery or PG counties too.

. - I have never attended the Rich Dad seminars, but there are similar seminars in my area - don't you love how they always give you 24-48 hours to come up with more money before your slot in the class has been "released"?