Obtain a Property ContractPresent your offer to the seller and get the property under contract.

You can also use the rents of the investment property (75% of common rent) as income to help reduce the DTI or obtain a higher loan amount. 

I have a scoring model for bank financing that I obtained from a company that specializes in this and they count bank theatrics as 25 / 312 possible points; or about 8%.

Also, you said the license is sold with it, I doubt that is totally it....liquor licenses are usually permitted, so many available in a certain area, you can buy the license rights, you still have to obtain the license in your name.Since my last post I spoke to a guy familiar with the business in NJ, he suggests you play the politics game as well, city to state, seems you may need friends from time to time.....hmmmm.See an attorney!!!

They obtain approvals for their desired use, which can take 18 months, then close.

It is essential to understand that Fannie Mae and Freddie Mac will continue to move forward with everything except evictions; therefore, individuals may still receive default notices throughout the holiday season.Although this only seems like a small act of kindness, these extra weeks could actually provide enough time for some struggling homeowners to obtain foreclosure assistance or come up with the money to remove their home from the foreclosure process.

(not sure if this is true or not, I heard people sue because they were not previously advised that late payment will be reported to the credit bureau).4) lead paint - lead paint disclosure for older buildings.5) utilities - if for whatever reason tenant is unable to obtain an account under his or her own name for utilities, the lease will be considered null and void.

Unbundling is required during a sale of a property to deduct the disallowed and suspended losses.Grouping also helps taxpayers obtain the 10% interest requirement in the activity for active participation.Lastly, with the new Medicare surcharges being attached to passive incomes, grouping your activities into one activity while materially participating as a real estate professional allows you to minmize the tax consequences.Are there downsides to the real estate professional designation?

Determine, if you want to obtain your real estate license.

., or information other than obtaining advice.