Not only is the bank there to win, but so is the big buyer who has plenty of cash to work with and is sitting there waiting for new folks to clear out the low balls, then he walks away satisfying the banks needs.Keep in mind that banks answer to investors on a quarterly basis.

The development is 180 units with 10 remaining.

It is a subject-to deal with the 1st mortgage remaining in place (by definition you might say).They title commitment just lists the existing 1st as an exception to the policy.If a title company will not issue a policy with an exception then maybe they have other concerns about the deal, the title and the overall process.

For the remaining balance to $450 000 we will create a second interest only mortgage depreciated over 30 years, about $1300 monthly.

Look at it like cutting diseased branches off of a tree: Serious cases may require aggressive pruning to save the core.Then focus your energy and resources on creating maximum value in the remaining properties that fit your big-picture investment goals.5.

By state statute, each county is authorized to collect the taxes due that remain unpaid by selling at public auction, either a Tax Lien Certificate or a Tax Deed.Learning how to buy these Tax Lien Certificates and Tax Deeds is a very real way to achieve financial independence.

Can these three be broken up into 4 plex properties or do they need to remain as a 12 unit commercial property.

I am very confused about my future and really am not satisfied accepting any of what appear to be my options.

In other words, if, for some reason I put down 19%, would one need to only accumulate 1% more, or 20% of the remaining loan balance?

Everyone seemed satisfied but I count this experience as golden in landlording.