This is because VA loans are tied to the borrower’s personal ability to repay and require a creditworthiness review.VA Entitlement Consideration: If you’re assuming a VA loan, the original borrower’s VA entitlement may remain tied to the loan unless you’re a veteran eligible to substitute your own entitlement.2.

It is good to learn about but I think it is not the wisest to overly push the idea of creative finance, not that BP is necessarily doing that, I was just explaining likely motive behind why they want people to read that book first

The remaining 40% has to be prorated.If you are not working with an accountant focused on real estate and you are focused on real estate, it may not be a good fit.

Conversely, when property prices are low, rental demand decreases, causing rental rates to remain relatively flat or fall.How can you identify cities that are likely to have significant and sustained appreciation and rent growth?

Further, only a minority of sellers will be interested or motivated to offer a significant discount for a 7 day no contingency sale.

I myself am a second generation Mexican and have been motivated to learning as much as I can about real estate by reading books, forums, and listening to podcasts such as the one you were featured on.  

Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.

While most who post about asset protection on BiggerPockets are focused on how to remain anonymous and how to prepare for conflict and liability, the billionaires are out there proactively preventing the liability events from occurring in the first place.

Sometimes this happens as zoning changes over time but the residential use remains legal.

My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.