I have 2 identical condos that are on a 15 year commercial loan at 4.25%.

However the biggest lesson for me has been figuring out my investor identity.

If they hold it in their name, the new property would have to be held in the identical name.

Just be ware that if all of these people are renting an identical unit and now they are all your tenants, they will talk and someone will not be happy about paying more than the others, I would try and bring all the rents to the same price at the same time to be fair.

@Kris Haskins Sorry that sucks.YOUR GUYS WANT A STORY....A guy bought my property with fake funds. created a fake POF and stole someone else's identity to make initial payments.He ended up going to fail for 10 years Property was in FL, 3 years ago crazy scams do happen

The deal wont fund until they verify the identities of the buyers and clear them from the financial terrorist watch list.wow...

No but I had some identity theft about 8 years ago an the person used my info to get credit cards from home depot, circuit city, wal mart, and about 3 or 4 other places.

There are 3 other buildings identical to the one for sale and they are collecting the same rents.

Before I found this site I went to one of those 3 day workshops run by an investing guru. I was told by a so called mentor that I shouldn't even start doing deals at all until I got an LLC setup. Of course he would he...

I would argue that $75,000 is the actual value, even if the identical house across the street sold for $100,000, 366 days earlier.