Not only would I be insured that my mortgage is payed (as long as I don't fail classes) but I could also acquire additional revenue or equity from the two tenants, and use any excess money to create a safety buffer say 6 months of mortgage and utilities, for when I am not in school or a tenant leaves, damages etc.

Kristine Marie PoeI learned so much with this deals and greatful for all the help i received here first..It one more exit strategy i can add to my system.I had a lead come in 1 day before the sale, although i couldnt tie this one up, i watched my buyer, and with it learned about the " Excess Proceeds" technique.

The caveat though is when a downturn occurs, the lesser areas can drop much more than the better ones (just compare price drops in Militias to Palo Alto, during last downturn :) 4- you should have no problem covering any maintenance/vacancy issues with your excess cash flow.

He has the money to invest but I have the credit and am local to the property (i.e. will be managing the property).So suppose he put in $50,000 towards a $400,000 property and I took the mortgage in my name and managed the property, what would be an equitable split in any excess monthly proceeds and an eventual sale of the property?

My company's portfolio is worth in excess of $80m, primarily large-scale rental complexes, and they require all of their tenants to have renters insurance.

If any one unit gets excessive, I start to look into what is going on.I take a look at the master utility expenses now and then to see if anything spikes.. can be a good clue of an unseen water leak, or tenants tapping master power to grow weed (haven't had that problem yet!)

Properties in excess of 4 units are likely to have better capitalization rates because there are fewer buyers for them.

I understand that the listing agent should be compensated for submitting my bid and completing the paperwork that will ensue should my bid get accepted, but $1250 seems excessive.

These companies buy excess materials from local builders and sell them to the public at huge discounts.

State law will dictate how any excess monies paid on the sale of collateral must be disbursed as it becomes an issue of equity beyond what was due the lender.