Loan assumptions with supplemental debt are becoming even more appealing.

Actually I forgot about the supplement we submitted and got approved for $7K profit on top of that.

I grew up watching my dad buy foreclosed fixer uppers which he held and self managed and still owns 20 years later and he uses as supplemental income.

**How to underwrite a applicant that is retired living on supplemental income and proceeds from a sale of their home?

And on another note, I am looking to get into REI to work for myself(freedom) and to create some wealth, nothing crazy if i could supplement my income and quit my job and work for myself i would be totally fine with that.

I am semi-retired and looking to supplement my retirement income with Real Estate and build a business that I can leave with my daughter and Grand Kids!

Additionally, any refinances or supplemental loans are reviewed as a return of equity so no tax impacts.

The end goal is to have roughly 5 rental units that are completely paid off and can help supplement my income and potentially give me the opportunity to branch into a different career/lifestyle.The main reason behind the 2 years of living in the units is that per U.S. tax code 121 (exclusion of gain from sale of primary residence), if you have lived in a unit for 2 of the last 5 years, an individual does not have to pay tax on the capital gains for up to $250k of gain ($500k for married couples).

I was fascinated by Deal Dog as a supplement to other methods of finding houses but now I'm concerned about the accuracy and how current the information may or may not be (after reading through the thread).

@Bruce WoodruffNo, I’m supplementing the 97% of scientists with my own knowledge of the data, which I shared a bit if above.