This will make your loan go a lot faster and eliminate a lot of the "surprise" document requirements ;)

I will do my best to explain this scenario related to the purchase, rehab, and refinance of a property I am pursuing.Purchasers A, B, and C are partnering to purchase and rehab a duplex (purchase price and rehab not to exceed $90,000 with e rehabilitation loan)Application breezed past initial underwriting as all partners have above 750 credit, stable income, low debt to income, etc.

The debts owed by that decedent would have to be paid from the proceeds allocated to the fraction of the property owned by the decedent.

Obviously if you're only renting for a shorter period (2 to 3 years) you'll get your debt down, but not out.

So, in my book, that eliminates most condos and townhouses.I think there's a lot of merit to SFRs over small multis.

Looks like a big nasty lien to the outside world but unusually only evidence of an old debt.

That said, I've got my eyes on a few franchises as well, but they all require capital and I don't have much.In the near term, I'm focusing on my MBA (not sure if that's the right call or not given the cost of an MBA and the additional debt burden I'll have to take on), but I don't yet have a solid grasp on how to move forward with a new business either.

If you need chunks of cash to pay off debt or just build a nest egg and want to avoid risks, then wholesale flips are the way to get started.

We then evolved into trusts to hold the same as its easier to manage the holdings & (hopefully) eliminates future spousal/probate, privacy issues etc.

His vehicle may be leased, so expenses may not be real, but it is a debt, but I doubt if you need to cut it that close.