A similar situation is with a borrower who co-signed a note, but if that loan is in good standing and shows they never made a payment and the ability of the other borrower to pay, a percentage may be applied rather than the entire debt obligation as it is a contingent liability

Depending on your credit criteria and your ability to get financed, If you could use conventional financing I would try, but there will be issues.

To be clear, those unfunded mandates can only be paid by raising taxes or by growth.

You need to ask, What needs to be renovated, how is the economy/job growth in the market, what is the neighborhood like, is a chance to get $7,200 per year worth $40,000, Will you be able to qualify for a refinance before his terms are up?

I'm somewhat living my ultimate goal right now, my growth plan is to enlarge my multifamily portfolio by a few thousand units over time.It's hard to imagine that I started with a single property with some seller financing (because I had no money) 24 years ago to having just bought my 630th property last week.

I don't want them to have our account information, or have the ability to do a partial payment without my ok.

Should he desire a loan, the owner probably has the ability to quickly borrow from his favorite lender.

Getting things done is all about tactics, connections, trust, experience, knowledge and knowing the battlefield while having the ability to win if there is a battle ......what's that worth?

The process is very easy and fast.Buying the program is very economical at Sam's Club.Some leasing and loan servicing software programs have the ability to export information to Quickbooks.I am very good at working with spreadsheets, but always use Quickbooks in the situation you described.

Over the past 5 years I have seen industry & population growth in Columbus explode, and effectively it has raised our housing prices.I started investing in Columbus OH about 3 years ago, with an FHA loan.