Cash out up to 70% of market value immediately up to the total cost you paid on the final HUD settlement statement whichever is less in under 6 months.Option number two you can wait 12 months and you can cash out up to 80% using market value which means you'll be able to take out all of your money in the property and the some with out tax as long as you have not sold the property.

Also, if I haven't gotten their attention, as one mentor has pointed out to me, I don't want to force them into it, I want them to be 100% on board and confident, so how do I make them feel that way and grab their attention from the first call/open house/ mailing/ or which ever mode of approach I end up going with.Once again you guys are awesome and have helped so much.

Making an offer at the asking price in no way guarantees the offer will be accepted.A cash offer is always better than a financed offer.A seller can choose to accept whichever offer they want.

Then take a hypothetical second property and do the same thing.You want to invest as much as your money as you can at the highest ROI you can get, so whichever number you get will tell you what path you need to take.

Refis generally require one year in title, prior they will go off the costs/sale price, or the appraised value which ever is less.

Put your money towards whichever has the higher value, and you'll come out ahead!

The key here is to try to develop a relationship with said realtors. usually, after a couple calls and maybe even a face to face meeting you'll come across as being a serious investor.With that, try to find out from which ever realtor you speak with whether they pass around potential listings within the their office before these listings actually get posted on the MLS.

When you sell, the basis is reduced by the amount of depreciation taken or allowed, whichever is greater.

And I have a question about security deposits. 5321.16 Procedures for security deposits(A) Any security deposit in excess of fifty dollars or one month's periodic rent, whichever is greater, shall bear interest on the excess at the rate of five per cent per annum if the tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant.We're planning to charge $650 for rent and from what I've read, the security deposit should be about the same as one month's rent, so a $650 security deposit.

The value being found by the contract price or the appraised value, whichever is less.