The best way to think about it is that you are trying to maximize CASH FLOW and mortgage paydown is just a nice side effect that causes you to cash flow more.One other point: the more money you pump into the property, the more money you risk losing if you ever default on the loan due to hardship expenses, high vacancy rates, or anything else that could come up to deplete your reserves.

It is not about business cards.An LLC is a tool to minimize the legals risks while not causing too many other problems.If you have nothing to lose then having an LLC is not required.

Sure enough the message was there.I then noticed that there are 4 messages there. 1 from Sunday, 1 from Monday and 2 from today.What causes a message to remain in the outbox?

Roma,I understand some of the cultural influences that are causing you think come up with such a deal structure.

You want to understand why they made the decision they made but not impose or otherwise cause them to clam up.Some will say that a customer has to say no 4 times before you will get a yes from that customer.John Corey

These are issues that cause MANY expensive lawsuits, which is why the insurance companies won't cover them.Good Luck,Mike

As I posted in another thread, just be cause it's an REO doesn't mean it's a good deal.

Our information is spelled out on the site please do not misinterpret it and change it around to benefit your cause but rather clue in everyone on entirety of the message instead of trying to pick something that works for you and everyone else.The rule of thumb is that the longer the item has been on your report the most likely chance is that it will be removed.

STRIKE ONE(Could also cause friction with the neighbors) OTOH, if this is "out in the country" and poses no concerns, take lots of pictures!

cause I really do like it.