I'd avoid electric baseboard heat.

In addition to this, the deposit gives you access to the following:a.Advanced Deal Analysis Software – enter the purchase price, rehab costs and After Repair Value and we’ll give you a comprehensive break down including costs, net profit, and potential cash to close.b.Access to Proof of Funds – 24/7c.Contracts and Checklistsd.Additional Tools & Resources to help you avoid common pit falls in evaluating, rehabbing, negotiating and reselling the property.e.Your first evaluation is covered with the deposit.f.If the needed funding is more than 70% but it’s still a profitable deal, we’ll work with you to potentially wholesale the property and still make money on the deal.g.The remaining $1850 is rebated back to you once you resale your first property.8.Just like every other Hard Money Lender, one of the biggest challenges is helping new investors get dialed in on establishing accurate After Repair Values.

Make sure everything is in black and white to avoid becoming grey very fast. 5.

I am assuming I should avoid a real estate agent in the transaction?

Its currently worth about 700,000 and a house would run us about 1 - 1.5 million (will likely take out a mortgage)What are your thoughts on keeping money in the NYC apartment vs liquidating it to pay off debt and invest in a home we will actually live in.And if we do sell - how can we avoid the 40K in taxes we will pay?

The only way to avoid the DOS is not to transfer a beneficial interest in their collateral.

Which leads me to believe you don't KNOW that this poster is breaking any laws, you just suspect it or have a gut feeling.There's nothing wrong with opinions (trust me, I have more than most)...we just need to keep them separate from the facts to avoid confusing issues...

"One often meets his destiny on the road he takes to avoid it."

If you want your tenants to use the parking area in a congenial manner, therefore avoiding conflict and drama, then establish clear expectations.

My current plan was to first buy something to live in to avoid the rent and then start saving in order to buy a second property to rent.