Listen to those that complain about their experience and you can normally hear the real problem that occurred.

Your attorney will actually draft these.The buyer will also give you an "assignment of leases and rents" which entitles you to rental income in the event they do not make note payments to you. 

I have read to attend local real estate events, classes and the blog post here on Bigger Pockets.

Pricing adjustments occur for things like loan-to-value, occupancy, and even loan size (ie. pricing improves on bigger loans because the margin is higher).

The cash out is not a taxable event.  

Hi all, I have an applicant she has 668 credit score and her husband 800. however she explaint her late payment occur on 2017 and all because of debit consolidation company told her to stop payin for all the bill so she can consolidate them. and i was ok to give a benefit of dought and ask for extra last month of rent , she didn't want to pay for it. and that had me worried. so over the weekend I did not pick up her call need time to think over now she is back saying she is ok to pay extra month.should I move on or should I still work with her, at this point i alos saw 5-6 late payment on 2017 ( as she claimed was due to debit consolidation) which I am not familiar with and she did provide me with pay off papers ( some of them show only 70% paid off and account closed.Should I take chance or should I let it go.

I talked to another investor who experienced this as well, at the same bank.I have a couple questions: 1) Why and how can a bank collect more than what is owed to them in an event of foreclosure and 2) does this inflated amount recorded on the mortgage lock me out from accessing the equity in the property, if for example I'd like to add a 2nd lien, cross-collateralize the equity or cash out refi someday?

I have access to credit cards totaling over $20,000, but it occurs to me that getting a loan would be lower interest for a down payment.

But, I've also heard new investors take the full dive right into full guts because they want the experience and want to run into every situation that can occur during a rehab of that size.

The insurance agent tells me that if the condo is vacant (eg. while finding first tenants or while in-between tenants), the landlord policy will not cover the condo if an event happens at the condo (eg fire or other peril).