Ask about utilities and meters...are they separate or all on one.

Hi Austin, Sub2 = you get the deed, you pay PITI, give your word, the promise to pay is not legally binding, it is a moral promise, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.Wrap = you get ownership but not a Warranty Deed, It is called a AITD or all inclusive trust deed or mortgage, you pay PITI, directly to seller or note servicing co, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.I always do not plan to own a sub2 or wrap long.5 year Private Lender Mortgages for long term hold and rents.There have been promoters of sub2 and exit on a wrap, or wrap and wrap again (double wrap) , I would NEVER do that.You need a GREAT attorney.

Jay,It seems all 3 properties are rentals for some or all of 2015 and will be reported on Schedule E of your 2015 income tax return. 

Are you doing sb2's then taking part or all of a down payment?

Most aren't, in the sense that you can get most or all of that information for free.

If you have even a small hole you missed behind a wall somewhere, a gap around a pipe or electrical stub a mouse hole or any cavity whatsoever the sound is gonna come right through that spot and all your efforts will be mostly futile.

Account Closed so I’ll put it this way, the effects of Covid are too early to tell. 1 in 4 Americans are out of work and  market  rents as well as  lending institutions are very likely to be effected if the extra stimulus slows or all 40 million dont go back to work in the next few weeks which is unlikely... at the very least it would have been much harder to sell the property post Covid as almost every agent I speak with tells me transactions have slowed dramatically 

Marie Poe I used a specific language of terminating his right to occupy the property (even if he paid) for violating the terms of the lease (I googled the form/language used).When he received the notice of eviction  he texted me if I let him stay until the end of the month if he pays and I agreed (I'm not sure if SMS is considered in "writing" as oppose to oral agreement) Does anyone know if electronic communication (email/sms) is considered legal form of a notice ?  

My fear is that one, some or all of these things are true:1.

I've been looking for a club but I never considered going to more than one [or all] of them in my area, that is a valuable insight.