For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

Mortgages for LLCs with personal credit under 680 are tough and expensive, and under 640 are typically not really economically practical for the borrower. 

While I’m happy to discuss general strategies and best practices, I won’t be sharing additional details about the property’s exact location, nearby city, or financials at this time.

I also have some investor agents that send me off market deals via email on a weekly basis – which are also good to practice deal analysis. 

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!

The more rational you are, the better the outcome.Practice and LearnLike any skill, negotiation improves with practice.

I mean, why bother to practice what you preach?

BPCON happens every October, this year is in Vegas Oct 5-7th good to get some practice in going to local networking events because BPCON is like drinking from a firehose, in the best way possible though!

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.