Depending on the state, you might be able to obtain a forfeiture versus having to go through the entire foreclosure process.

Property cash flows :- $380 month minus P T I, vacancy, management fees, capEx, water, sewer, 2 loan pts just in case.Location fits my buy criteria and I like the deal . 

Hey @Brandon T.

Originally posted by @Brandon T.

Originally posted by @Sam T.

One thing I think I did learn yesterday is that based on my original calculation, putting the $250k toward the investment portion would result in taxable book on the mortgage payoff of $35,000 because no equivalent debt will be left on the investment portion (only the mortgage debt acquired to obtain the residential portion of our purchased property).

You see, there’s nothing worse for an attorney taking on a contingency case, fronting all the legal expenses and investing their time to win a case and obtain a court judgment – then NOT be able to collect on the judgment.So, astute attorneys will research the available assets and insurance before accepting a case on contingency.

Fannie and Freddie guidelines are available online to anyone so you really do t have to take lenders word, but For short term rental you need a two year history to average.They don’t treat it as a standard rental.

T-111 is actually a wood plywood.

Poor people analyze risk” - T Harv Eker.