For that reduced rent, you guarantee them the rent for 5 years, and cover maint. costs.

We sold one of our cars and have reduced our monthly expenses to accelerate our savings and cash flow.So thanks again to the bigger pockets community for your input and for sharing your stories.

I got layed off while they were earning record profits.I have been investing in real estate part time since 1999.

The property values have increased almost doubled and the crime has been significant reduced in certain areas due to investments in the communities.If anyone is interested in the West Side feel free to reach out. 

It could be deferred maintenance, filling vacancies, etc, or things that just happen to break and need to be addressed in the early months before the earnings have had a chance to accumulate and pay for the repairs by themselves.It is possible to buy a property that is already occupied, and just take over receiving the rent.

Well I could have gotten my own policy but then there is double the money and debt service involved which reduces margins.I was added as an additional insured because the insurance company employee said it would not cause any issues and then the insurance owner 4 weeks after closing gets all up in arms.The existing policy is much cheaper than the rates I found.The building is 30 years old and once it hits 30 other carriers told me unless it has new electrical,plumbing,roof,etc. they can't insurance it for the best rate anymore.Her in place policy was originally written 10 years ago when the building was only 20 years old.Kind of like an existing lender will do much more for you than a new lender where it has to meet their parameters.I asked about getting a policy for myself and adding her but the underlying mortgage would want her as primary so that wouldn't do anything.I am thinking I can make her part of the corp I have set up for that property with a non-controlling interest.The underlying lender could be told it was for estate planning and asset protection if any questions arose.The insurance company guy says that mortgage companies sometimes do periodic checks on title transfers to check for wrap deals but I think that is being a little paranoid.

You may be better off just buying a place you want to live forever that has a basement unit which reduces your cost some and allows you to save money on your mortgage (i.e. invest more long term).

Reduce gov't waste, legalize drugs, and make sure those who are receiving welfare are not using it to pay for cable TV, cigarettes, and iphones.

On a $30K investment (actually higher with your closing costs), you're looking at about 8.7% cash on cash return.Now, if you manage it yourself and handle minor maintenance you can earn a pretty good chunk of that "50%" for yourself.

It has everything to do with reducing their over-weighting in this type of loan, often they're on 'probation' with their regulator to reduce exposure to investment property lending.