Or take a 72(t) distributions.

The payments go from the T/B to the seller, but you can use an escrow service for this, but there is a fee of course.

I'm not real sure and I don;t think they are yet either.

This person is interested but is one month from renting and while I am not sure if I should rent out to her that far out, one option I have been thinking is asking her to put some deposit that would roll into the lease if she ends up renting but she would lose it if she decides not to rent it after committing to rent it.With my plan on using SmartMove (and once she is approved and want to rent), should I just create a separate document that states that I am holding her initial deposit or should I ask her to sign the lease one month in advance?

Partnering is a great way to go but just make sure you dot your i's and cross your "t"'s with any agreements you make with them.

David T.

I have the time to commit as I'm single w/no kids and just have my full time job commitments.My ultimate goal is to be able to live comfortably off of passive income from rentals but am unsure of the best way to get started.

Did the loan broker verify pay check stubs, look at tax returns, pull credit and look a t debt to income, did he explain to the buyer not to change their financial position and so on.

Just wondering how committed she was to all this, paying different fees at different lenders knowing she's going to walk away from one, added cost of doing business, or was she not risking any of her own money?

If a small non-accredited investor commits $500 to a project, but the state registration fee for that investor costs hundreds of dollars (or even thousands in the case of New York) then the cost becomes prohibitive.