Even if the borrower pays off the loan after a few years (refi or sells) then you have a good chance of needing to come up with cash to be able to pay off the underlying loan.I see this strategy as a huge opportunity for scammers to leave their buyer's holding the bag on a property they think they now own but that's in fact still mortgaged.

Evicting someone that old so your daughter can live rent free is a sh$t bag move, and a decision based on the wrong emotion. 

you may want to consider investing then with some of the known top shelf syndicators if you want cash flow real estate. trying to buy low to mid range rentals probably not your bag.. it will be what it is.. inconsistent and for someone like you that is pretty detailed probably not an appropriate investment vehicle there is no real upside.

You're right, it can be a crapshoot in terms of gaining valuable information, but it's just another tool in a note investor's bag. 

For example using bonds assigned as additional collateral or structuring a deal to save the seller taxes thereby giving a better price or terms.While writing this I got a call about someone wanting to sell payments that are received from a court order and my suggestion was not to deal with the scum bag but to loan the money to the payee and assign those payments as collateral with the right of offset, that puts the payee and payor on the hook instead of buying the annuity payments.

The HOA could ask you to redo your flooring if it doesnt pass the sound test. 4th, you have to cover up the common area with plastic wraps during the construction hour.

There's so much here in Indy going on with investments and really - it's just a perfect mixed bag of SFR for both buy and hold & fix and flip as well multi-family.

I will hunt that mortgage down and bag it!

We find it especially helpful when we don't have people moving out as often, to refresh ourselves on what to do when.Here are the things I include:Table of Contents:Resources. 4Property Selection.. 4Purchasing/Evaluation Reminders:4Unit Preparation.. 4Sequencing of Repairs. 4Crime Prevention Through Environmental Design.. 5Remove the Cleaning Vinyl and Plastic Blinds. 5Cleaning Cabinets. 6Hot water heater. 6Smoke detector & carbon monoxide detector. 6Advertising to Applicants. 7Utilities. 7Pet Policy. 7Smoking Policy. 9Occupancy Standards. 9Market Rent. 9Evaluation at Vacancy. 11Reevaluating during tenancy. 11Change to rental rates. 11Advertising. 11Tenant Selection.. 12Rating Applications. 14Tenant Selected. 16Rental Agreement. 16Paperwork & Legwork needed for Move in.. 18Move in.. 19Maintenance During Tenancy. 19Maintenance Needs reported by Tenant. 19Maintenance Performed by Tenant. 19Maintenance Inspection.. 20Things to Keep Maintained. 20Trees, lawn care & Trimming bushes. 20Monthly Processes. 21Collecting Rent. 22Rental Financials. 22Gather Market Rent. 22Document. 22Update Tenant Listing. 22Update Occupancy Tracking. 23Follow-up on Late Rent & Late Utilities. 23Less Frequent Processes. 23Here’s things to do on a routine, but less frequent basis.23Maintenance Inspections. 23Review Landlord/Tenant Law.. 23Issues/Changes During Tenancy. 23Late Rent. 23Unpaid Utilities. 24Mildew, Pests, or Rodents. 24Agreement Violations. 24Neighbor Complaints. 24Change in Tenants. 24Amendment to Rental Agreement. 24Abandonment. 25Terminate Agreement. 25Eviction.. 25Judgment. 26Tenant Turnover. 26Items left behind. 27Turning Prior Tenants in to Collections. 28IRS Guidance. 28Misc.

Me, my father and Uncle (Mr. money bags) are all interested in getting into real estate.