Okay did a wrap with a seller.Added as a additional beneficiary on the policy.Policy comes up in March.Insurance company was fine putting me as an additional insured but then the owner of the company calls the seller a few months after closing and said his employee never should have told her that.She doesn't have any written communication or a recorded call from the employee saying it was okay just the phone call before the closing happened.Now the owner of the insurance company says he wants to see the seller back on title before he will renew the policy.I mentioned I could add her as additional insured and she said the lender would be required to have her as primary.She is freaking out about the insurance issue and thinks the lender will call the loan.She wants a quit claim back to her and an agreement form her attorney that I manage it but still own it and I can buy her out at a later date.I told her I would not agree to this.We have completed substantial improvements to the property and have gotten out the bad element.What I have come up with I believe will shed light on her true intentions.I am thinking of creating a Joint Venture partnership or something similar where she is given 5% non-controlling interest in the property.This would add her back on title and then the insurance should not be an issue to renew.I am checking with an attorney on this now.Want to get thoughts on this issue.

What is a performance group: a group of investors who communicate regularly to share operational and planning ideas, and to act as a “board of advisors” for each of its members.How it works: Gather 5 or 6 investors who are dedicated to building their business.

Most regular mortgage are not callable.

Not sure what the expected lifetime of these are, but 10 years for a regular washer or dryer isn't unusual.

If she signs the quit claim can he then refi or modify the loan to remove her from any future financial responsibility for the house?

I agree that it is similar to a regular purchase agreement however, if it would have been a regular purchase agreement at the time it was signed, the property would have appraised for the contracted amount.

I know the members here are intelligent, but I wouldn't want to make a decision that might cost you later by relying on an internet forum.An S Corp is a regular corporation that elects to be treated as an S Corp by submitting a form to the IRS.

You will receive a monthly return regardless of the property's performance.The risk here is non-performance by the property owner, but you can have the title company or closing attorney hold a quit claim or warranty to be recorded upon default.When buying and holding, I prefer to have money partners to use a debt financing arrangement if they want nothing to do with the property.

Just because they claim something doesn't mean it is universally true.

I regularly receive $50 fines on one of my properties.