In the event there is massive deflation he would simply walk away from the loans and/or offer to deed the properties back to the owners.

He's responsible for paying it back and should be looked at as if he was pulling it out of his own checking account.Anthony - For the cash you need from him, I would simply borrow it from someone and pay a flat return (15-20% ?)

If you are lacking these things, only buy extremely good deals, as the hold time could be quite long before the exponential curve starts to effect rates.

This is simply to be worked out between the realtor and the investor.

It is simply easier to given them title and to do a DIL or foreclose if they quit paying.

I could be wrong, but wasn't there something about Houston and the complete lack of zoning restrictions?

Or you can simply sacrifice your ernest money and walk away.

I need to finally pull the trigger on this.My pertinent info:-I own 3 rental SFR properties, all free and clear :D worth approximately $450k-I live in a 4th property which is mortgaged-I live in California :/-I also have a regular jobPrimary goal: asset protectionSecondary goal: increase tax advantages above and beyond my current sole proprietor statusAs a side note, I would also like to hear your thoughts on LLC'ing in wyoming/nevada/wherever else you can think of and how that model would or would not work in California as a foreign corp seeing as how "strict", for the lack of a better word, it is here in California.My entity/entities of choice would protect me from inside liability as well as outside liability.

Further and even more simply, there is more inherent risk in condo finance than in other types of residential real estate due to the CC&R's.

Is this simply a company policy decision?