Account Closed : Another reason to take a close look at the note and dot ... take a look at Q&A 5 at Due on Sale in Both Note and DOT, if the DOS clause isn't specifically stated in BOTH the note and dot it is unenforceable ... wouldn't that be a big pill for the quick on the DOS trigger lender to swallow.

I can't live with that" are pretty slim ;)Maybe a nicer floor would draw they eye so the ceiling doesn't stand out so much, anyway.

Randy Advantages of Using a Revocable Land Trust 1.Avoids property being probated (out of court transfer upon death of beneficiary) 2.Ease of Transferability 3.Judgments do not attach to the property 4.No Partition (avoids spouse’s “forced share†sale buyout upon divorce) 5.Easier management with multiple owners (multiple owners do not have to sign docs) 6.No costs upon transferring beneficiary 7.No registered agent needed 8.Legal and Equitable property interest in trustee’s name 9.Income and Expense conduit, not a business with tax consequences 10.No tax return to file (pass thru entity) 11.Trustee has no personal liability 12.No annual fees like other entities, if trustee is an individual or friend 13.Estate planning – successor beneficiaries 14.Less expense in grantor creating trust over entity 15.Avoids the due on sale clause 16.Privacy of ownership – Helps Avoid Identity Theft of your name 17.Keep sales price private 18.Able to fracture interests of multiple owners w/o being partners 19.Ease of linkage to other asset protection entities 20.Non-judicial repossessions of real estate sold on installment contract 21.1099 not required for transfers (personal property not subject to real estate regulations) 22.Ease of operating across state lines 23.Ability to insert poison pills 24.Lots of case law to support land trust law 25.Many attorneys do not study this section of the law – not profitable for them 26.No recordation of the Trust Agreement 27.To avoid “seasoning†problems (secondary market rules of ownership) 28.To save title insurance premiums (Trustee-insured-remains the same) 29.Good negotiating technique in the sale or purchase of property (Disney World used trusts to acquire land prior to construction to avoid price escalation) 30.To provide non-recourse financing 31.Lowering of real estate taxes (prevents re-assessment) 32.Avoids state regulations that apply to corporations and LLC’s As you can see, Land Trusts are a wonderful tool for you to hide your assets, avoid real estate tax increases, privatize your sales transactions, avoid probate and use for many other benefits.

It slims out the investors margin for profit. 

He might step in on the foreclosure as a lien holder, slim chance.

If you over-leverage and have slim margins..this is a recipe for disaster.

The first year may be slim but you shouldn't have to feed your reserves after up and running.  

There were also pills, syringes and probably 100 used Q Tips laying around - it's obviously important to keep your ears clean when listening for the cops. 

Originally posted by "darylcrabtree": If I could get a loan for them for 9% or less, they would cash flow.I say chances are slim.. one thing I have learned the hard way and read 100 times on this board in the last few days.. 50% is going to be expenses.. so your going to cut your rent in half, and only be able to pay your mortgage out of half of the rent.. anything left over is cash flow..

Slim (MSZ-FH09NA for 3/4 tonne), because it delivers fantastic cooling (12,000 Btu/hour, SEER rating of 30/ EER of 16) and heating (18,000 Btu/hour, HSPF rating of 12.5) for the cost  {Note: heating is kinda important for us up here ;-)}   Where you have little need to be able to deliver heat down to an outside temperature of -15F, you could probably find a model that delivers as much cooling efficiency at an even lower cost.