Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

There are other things but this is the thing that creates the most waste of time. 

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.

Looking forward to reading advice and experiences.

Is this how you purchased your other rental?

Really lovely fill dirt they used around those wetlands. 

This would involve an agreement with your partners and a formal transfer of ownership, typically through an updated operating agreement.2.

“There are several reasons why this is important:1.

Think MTR will continue to be the best niche for Austin this year and likely beyond