If you can do that, you may be able to get an investor to buy the house, giving you a lease with an option to purchase for an agreed upon price, within a set period of time.

Last year we bought a SFH that needed a small amount of work and turned it into a rental unit and the separate garage will eventually become a duplex (currently a single efficiency which we did last fall)We do most of the work ourselves so far and I enjoy it.

There are just so many variables, I suggest you just put in an offer with the assumption of spending a few thousand, but with a 21-day inspection contingency period.

The bank will want 90% of FMV, the contract will be non-assignable and probably have a minimum 90 day holding period.

It's my understanding that cash out refis are hard to come by.You may need to get private money, obtain a huge second or refi it and then do a no cash out refi later to get where you want to be.Only two ways to get equity out, sell the property or borrow it out, borrowing has tax advantages and does limit liability in a round about way.I'd consider your cost of money and use of funds considering paying down principal on a home that was to be used for a 7 year period, you could probably do much better using it in other ways.

Even if I had construction skills/experience, I personally believe that being involved in the construction side of things is a waste of my time and money.The best and highest use of my time as a business owner is to grow, scale and make my business more efficient.

Hello BP,I'd like to get opinions from fellow BP members on the following question.When a person first becomes a real estate agent, they have plenty of costs/expenses: both personal and business expenses.My question is: in order to be able to pay for costs like marketing, advertising, fees, phone, computer, rent, gas, car - how do you feel about a new real estate agent using debt to be able to pay for those costs and hold them over for a certain period of time until they're able to start cashing commission checks?

I made concessions for him to split the deposit over a couple months period I would respect him to honor that.

Is there a list of Professional Trustees that I can get.Instead of trying to find Trustee of an estate, it seems to more efficient if I work backward.

I garnish my ex-tenants wages, usually its only 50-100 per pay period and they always seem to owe me several thousand dollars so it can take awhile to get me paid.