He wants you to find that out before you fall into all the pitfalls that he also warned you about.

Just wondering about the legal pit falls doing this type of creative financing instead of cash or Mortgage where seller is paid and done right away.

Be very careful as there are a lot of pitfalls with out-of-state investing.

Hi BP family:What are the biggest pitfalls associated in purchasing and owning single family homes from a turn key provider?

I'm sure there is some pitfall in the plan I have.

Multi's can be a great way to go as long as the investor is aware of the pitfalls and is not afraid to fix up, screen well, and maintain. 

. - unless you have a copy of the lease and know it’s real and covers any potential pitfalls.

There are obvious fees associated with refinancing, but it might be worth it if it allows for more time to vet the lender/consultant/contractor and potentially avoid one of the pitfalls mentioned in previous posts.

I was very successful in doing over 20 rehabs in my first year. For the first 12 rental rehabs I completed, I chose to go the route of refinancing these through a portfolio loan from a local bank. This ended up being ...

Also, let the group know of any pitfalls that may come with this type of loan.Thanking everyone in advance,JosephSacramento, CA