Liability is generally cheaper than property coverage and I always load up on it.

For the most part, there have only been a couple of token operators being fined, but it can happen to any landlord in Monterey county.

I'm one who (for now) won't bother going the llc route.Your purpose for getting an LLC is to protect you and for it to properly protect you you pretty much have to know all the dos and donts of operating under an LLC.

BUT if you operate this method, always get 1 month ahead on them plus deposit, like normal.Let us know how it works out with your short term leases!

He borrows his operating funds from Private Lenders (family) @ 3%.

I know real estate agents need to be licensed in order to operate, but I was lead to believe that there was no licensing required to purchase properties as an investment.

If you can catch the cycle and ride the wave, you can make a boat load of money doing apartment repositioning.

I was just advised of a multiple offer situation and was asked for my highest and best offer from Freddie Mac.I've read several accounts of how Freddie Mac allegedly operates (including one statement that they don't ask for highest best) and they all seem to conflict.I am fairly certain that my bid will be the highest on this one, but there are certain things that Freddie is doing that is causing me hangups.

A 30 year assumable note maturing in 2036 for 1.7 MM +/- is available as part of the financing package.Scheduled Gross Income$545,100Effective Gross Income$523,296Net Operating Income$236,250Asking price is $2.5 listed for nearly a year, investment "group" disolving

I am having a dilemma in finding a cash flowing property in Socal within resonable driving distance from my work..most everything is around 450k-500k for a 4 unit and being an owner operator in at least 1 (FHA guidelines) isn't going to net me cash flow...I have been getting very anxious because I fear I won't be able to acquire something that will be a good investment...