If Cory could only show those dumb real estate agents how to sell houses in sixty minutes, I'll bet he'd be RICH!

So in case you needto hire someone to manage for you down the road, you should make surethe property will still cash flow.I've used conventional loans for my first few properties because it'sa little safer/conservative and the interest is lower.

Your attorney is correct, and the bank is not obligated to say no, my bet is that they actually said no, as in no you can't do that, under them terms of the deed of trust.

HML's generally prefer loaning to entities since it helps avoid compliance, but this is a just business decision on their part.I agree that a HELOC from a bank is likely your safest and most cost effective bet.

Any investor should use extreme caution with interest only payments, as basically they are betting on appreciation and a falling market would hurt that plan.  

After reading these posts, it seems your best bet is to have everything spelled out in the lease and make sure they understand everything and make sure you walk through the property, explaining things to your tenants, asking them what kind of skill they have i.e. changing a chain on a toilet, shutting off water, changing light bulbs etc.  

Okay, I play;BP didn't exist on my first deal, the internet didn't exist, bag phones didn't much less cell phones, computers did exist, they were the size of a room and ran off punch cards, 0010011010010011100101,Josh and Brandon hadn't been born yet I'd bet, so my first deal can't really go to their credit.

Just watch it because I bet you the investor "bug" will bite you!

It's much safer than the stock market as long as you get educated and do good diligence on your market and properties. 2.

If you want instant buyers that are ready to go now, your best bet is to join a team that has an ISA.