I am a principal party in a valid and assignable Purchase and Sales Agreement which allows me to purchase 123 ABC St.

Hello all,I'm looking for areas of Fort Worth to invest in buy-and-hold properties, but there is a tremendous amount of competition and I have lost out on several properties with multi-offer situations despite having perfect credit and financing in place.  

You need a signed cancellation from both parties, and then the selling brokerage has to release the funds.

Although I have read tons and tons of books, watch 100s of videos on REI; hearing the stories from you wonderful individuals is priceless. 

I'm okay with it not being positive cashflow immediately but, I am also trying to keep my monthly payments down as much as possible.The main reason I'm moving to NJ is because finding multi family units there is actually affordable to me, rather than NY which is out of reach for me at the moment.

Hello Biggerpockets members,I am considering working on buy and hold properties, single family and multi-family.

Tics with unrelated parties have some securities issues but with close knit partners its fine.

I'd like to start looking at a larger multi family building that supports property management.  

I just want to structure it properly so all parties get their fair share.  

Purchase would be from the R.M. but you would need to verify the owner is no longer in residence (both parties).I would expect all RM's to be underwater and thus never expect any margin left for FMV sale even it you obtained title.