Income is left completely blank.

Originally I was just going to let it compound....then I stared to think investing in rentals.

The bank is willing to add this building as collateral on the 2nd mortgage, in effect showing $865k financing on the property.Question 1: Will the 2nd mortgage, blanked on both properties, be treated the same as the 1st mortgage at the time of the exchange?

Wow I stared with stocks and bonds at 22 and currently in the process at acquiring my first property.

It also gives me chance to exercise some syndication approaches (another idea that I picked from your podcast with Michael Blank)So for a touchy-feely answer, look into yourself and find out what you consider fun and implore what kind of RE investor you want to be 10 or 15 years from now.

TERM SHEET FROM LENDER   (I blanked out some information for privacy purposes)ToyinWe are good to do the following on 5XXX J**A****M St.  1.Loan amount $120,000.002.10.5% interest only, payment $1,050.00 per month $34.52 per day 3.No Prepayment penalty4.Lender origination fee 2pts or $2,400.005.Loan Documents and disclosures $450.00 + $75 wire funding fee6.  2 years.I need:1.Escrow estimated costs (GFE)2.Title company and escrow company contact info and order numbers3.Vesting information and Tax Id for corporate vestingI can do loan docs and disclosures right away with this info above.Prior to funding:1.Property Insurance naming XXXX  Lending XXXX. as loss payee for loan amount2.Corporate Resolution naming you as member with rights to bind corp to real estate purchase and loan.I hope this answers your question, If you need the name of the HML, please contact me directly. 

The fixed stackable units are heavy, about all I have in units, so tenants could cause damage, and they might need to buy a special size to fit your space, reducing your rental pool...so having it beats a blank space in my opinion...best of luck

Provide seller(s) with a copy of a blank sales contract to review in preparation of their receipt of an offer.59.

And if all else fails, get out a blank piece of paper, and write the owner a letter, shove it in his mailbox, and wait.

Outdoor pizza oven and eating home made pizzas while staring at the skyline of Los Angeles.