Hi, i have been in BP for the past 3 months.I am going about finding my first deal on HUD.Looking for Agents registered with HUD to work closely with.As well as to partner up with investors in all states on future deals.I aim to own a multi-family unit every year, do at least 3 flips/month starting out, participating in sheriff's sale from april 2014 & be a landlord in the future.I have participated in programs like dohardmoney.com, buyersOnFire & UStaxlienassociation.

the lease states no parking comes with the rental, but I have issued separate written 'policy' stating one vehicle, no maintenance, etc.

Most people aim for 70-75%.

They came up with insuring the property (land) itself for $150,000 for about $200/yr (I see most people pay around $800 per year) And that this did not include liability insurance, however since I had a 1M personal umbrella policy that this covered up to 5 rental units as well.

I had to buy a life insurance policy once to get a private lender over the hump, but they rarely think that far ahead.Also, you can send her something in writing, but you really need to hammer the details out in person.

I basically do two things, drive around to see for rent signs, call up a few and get to know their asking rent, pet policy, security deposit etc...I also look up a few sites to do the same.

The best method is LCC or not a great insurance policy is the best way to go.

HELOC'S or cash out refi's are your best bet right now...Who cares if you cash flow a bit less in each one...the idea is to take that money and put it in as a down payment to another below market value property that will cash flow and more than make up the difference in what you will be losing by refinancing...if you have at least 100k in equity that is 5 homes that you can put a 20k down payment on and aim for a 200-400 cash flow on each after debt service and such...that would be an extra 1k to 2k per month!

The trust is listed as an interested party on both the auto and homeowners insurance policy.

I recently got a policy that I'm pleased with from American Modern for a multi-unit.