Hey Lawrence,As it relates to traditional financing...As far as I know a NOO (Non Owner Occ) investment property is going to require 20%-25% down depending on the lender.You could however:#1 Get a partner on the next property (ie their borrowing ability + your cash)or#2 Live in your current duplex for at least 1 full year then I believe you can get FHA lending on the next property if you intend to move into that as your primary residence.

We would like to ensure that you have a clear understanding of our rental process up front.We will conduct a credit and background check and contact references as part of the application process.It is important to provide a clear and complete application to make this process as smooth as possible.Please ensure you will meet the following qualification requirements before applying as there is a non-refundable application fee:Stable, verifiable gross income of at least 3 times the monthly rentFavorable credit history - no judgments to prior landlordsPositive references from previous 3 landlordsNo eviction historyClean criminal background check – no feloniesAll applications must be accompanied by a non-refundable application fee of $25 for the first adult and $15 for each additional resident over 18 years of age.This fee covers the cost of the credit and background checks.Again, we encourage you to apply only if you are confident in meeting the qualification requirements.Applications will be processed in the order received, and the fee will only be charged upon processing.If the apartment is rented prior to your application being processed, we will return your application fee.We use TransUnion SmartMove for our screening process.Upon receipt of a completed application with fee, we will send an invitation for you via e-mail to complete the application with SmartMove directly – there will be no additional cost for this beyond the application fee.This process helps protect the integrity of your personal information.

If the LLC pays for the medical treatment, or if a lawsuit is filed and settled, can the payment be deductible since it came out of an LLC?

IncludePurchase priceDown paymentEarnest DepositDue Diligence periodFinancing contingency periodDays to closingOnce you have this non binding agreement signed you can start with a basic commercial purchase and sale agreement that the buyer or seller's broker should be able to produce.

Other areas have specific time requirements for notices of non-renewal after a tenancy of a certain period of time.

First right of refusal, substitution of collateral, subordination clause, non-recourse provision, pre-payment penalty, etc.

(my opening offer was 12 if I remember)7, listed for 22 (it dropped from 22 to 9 in one day, and I eventually got it for 7)31, listed for 47 (that was a HUD from this spring)I'll admit that there may be better deals on non-MLS, and that may be a better place for a wholesaler to focus, but there are deals on the MLS.

At some point it may make sense for your LLC to elect S-corp treatment (rather than straight pass-through) and pay salaries, in order to bypass some self employment taxes.

Your 401K can get a non-recourse loan from a bank or you can borrow money from a non-restricted 3rd party.

Hello All,I have been getting into real estate the past few months, started out posting yellow signs every weekend for 6 months, and have also been sending out yellow letters for the past 6 months, around 1000 / month.I've gotten really close to closing on a triplex at a great price, however it ended up falling through.I'm 27, currently work full time as a mechanical engineer, however I would like to quit my job and devote my time to going back to school and medical issues with my shoulder (rehab takes a few hours a day), while working part time.I was planning on helping a seasoned investor I know with his property management.