If the property needs tons of work or tenants are sporadic in payments you could actually be paying out money monthly and be saddled with debt.The rate and payment given are great. 12% down is just enough to maybe cover foreclosure costs if you do not pay the note.

You will need to do a lot of networking to get "the same level of support" as a realtor gets.Regardless of which path you choose to pursue, you will spend money out of pocket (if you don't have a part time job) to cover the costs of doing business.

As of now I'm working with my junior realtor (close friend & new to the industry) to source a property where the rent income will be able to cover debt service and operating expenses all while living in one of the units (therefore, removing the rental income of that unit from the equation).

The deal he's offering is that I cover the entire cost of the 5% down deposit and renovation cost (closing, miscellaneous, etc.) and in return, we each pull 12k annually.

As long as the rent still covers the payments you should be able to leverage the money to either buy an additional rental unit (using that units future rent to help qualify) OR use it as a down payment for either an equity partner or hard money lender for a fix and flip in your area. 

She got caught and is now trying to cover her tracks.

Hi guys...hope all well...notsure if this is the right form to post.I have a client that bought few lands in dallas, texas from the sheriff tax sale.The redemption (6 months passed) 6 months because they are empty lots.Got them listed for sale and undercontract...now at the closing when the title company issued the policy commitment...they want to add language says they wont cover the redemption up to 2 years...

CYB (cover your butt)

She knows he has a new place and is just being a jerk and to make her suffer (his own sister who helped them when no one else would).

My question is, would it be possible to get a second HML to cover the cost to close payment?