This approach isn't making me rich each month, but in 20 years, if I decide to keep, it'll be paid off and throwing off whatever the rents may be at that time.Sure, making 100k in a flip is great (and looking forward to that deal) but a few more like these and life becomes easy.I saw the benefit of having 50% ownership with finding the deal and dealing with the rehab and the partner made their 50% by letting me use their money for a year.

But what they don't tell you is you have to jump through a ridiculous amount of hoops to get access to these benefits.

Also, the contract we signed with all of their requests is full of vagueness, which had been clarified in conversation, but now they are coming back saying different things, interpreting the contract in a way that it benefits them more... ignoring the conversations that we had had.Then there's the electrical contractor who was supposed to "clean up" the handyman wiring in the 1901 house who covered up open spliced wiring with insulation, which I then had to pay another contractor to come and clean up costing me another 800.00.Now, the good news is, as long as the home appraises, I should clear about 26k on the property.

So funny to hear what people say sometimes, but well worth the effort.Keep up the good work and I am sure tons of rehabbers could benefit from this technique.

And you get the benefit of having 50 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Two Great reads, I bought both J.

I offer my thoughts not to give you a hard time, but to give you something to benefit from.

The benefit is a long term fixed rate that you need to check on if the loan can be assumable down the road when you sell?

My only point is that as a seller in Texas, it does not benefit me to sell by GWD so I don’t.While its customary for insurance companies include a subrogation clause in their policies to mitigate their financial loss on a given policy, I think it’s unwise for a me (as seller) to give the title company the option to exercise that right against me.When selling via SWD, if the title company pays a covered claim for an issue that arose prior to my ownership the title company cannot sue me to make them whole again because I didn’t warrant title for all ownership prior to mine.

Less Red Light and Speed Cameras, parking tends to be FREE. etc.As to areas, I would just suggest you use the MLS access that you have, run numbers on properties based on rent, and the usual expenses of Taxes, Insurance, Debt coverage, etc.Then once an area comes over as decent, check into if Landlords must "register" this is a new trend that provides a landlord with no discernible benefit but to simply pay a yearly fee to the municipality so they can line their coffers more.

If your retirement plan is the owner, you wouldn't be able to benefit personally (outside of your retirement plan) from that investment.