My initial question is in our unique circumstance I think we can really profit from lesser returns than the 70% rule most flippers use.

I will surely adopt your brilliant idea to teach my wife and kids as well as I educate my self too to be financially educated before I will start my initial project soon in REI.Thanks so much Robert

They may verify it for you but don't ask for anything else.Your state DMV may verify a name and number.If it is mortgage with an insurance mortgagee clause, you can verify with the agent if you are named on the policy.To pull creit you should have a written authorization to do so.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

If you have an existing LLC the loan is made to the LLC without putting them on title as that puts them in a purchase of your business interest and any lien on the property makes it a mortgage, IMO you want to stay away from both.I have suggested in the past that LLCs be set up initially to allow a special category of members who do not have management or voting rights.

My goal is to be recapitalized on my initial acquisition + rehab in three years or less from the net rents received.

The only person that I know that verifiably has doubled his money in the time period you specify (actually, about 1/4 of the time period you specify) did so trading these.

There are a ton of slick characters in restoration business that lowball their initial quote and then cut corners, work very slowly and/or pad the bill.

Initially, I'd call a paving company and see what it is per ft, you might walk away real quick.

I use this to initially screen properties in areas with demographics similar to the one you chose.a $42,000 price assuming no rehab should through off at least 2% in rent for me to be interested. that translates to 840 a month in rent and that exceeds even zillows estimate of 700 max. the most this property could sell for for me to go any further would be 35,000 before it got my attention.If it could be had for 35k that and could be expected to gross 700 a month then the 50% rule says I should net 350 a month after taxes ,insurance, vacancy contingency, property management and maintenance.