If the tenant closes their accounts to prevent Obligo from collecting (this rarely happens and has never happened to me), Obligo still pays the Landlord and goes after the tenant.

You write a check at closing, out of "cash on hand".

Hi Nicholas,The choice between rental vs flip/BRRRR would vary by how active you can be on the deal.

Account Closed I agree it's important to approach creative financing correctly.

When you sell, the $150K will be paid off at closing, only leaving $350K to be used in the exchange (I am ignoring closing costs in this breakdown). 3.

First leg, I do my 20% down DSCR (no prepay penalties) and close like normal on the property.

For certain objectives a larger team might work better, for other objectives two person team is going to be the better choice.

Danielle,I have been passively looking into properties here in Prescott, and nothing even comes close to the 2% rule.

I’m closely monitoring a few tenants as we speak. 1 requested to pay this Friday after payday due to a job change. 1 is $200 behind from last month. 1 got a rent increase but still has this month at the previous rate.

An investor who had agreed upon this in writing, pulled some shady strings and forced me out of the listing when we closed escrow on a flip.