there are a lot of multi unit properties in mentone, yucaipa, and calimesa. they rarely go for sale tho. and when you have the property ready we can get julias work to find tenants for you then you manage it after.;)

@Wayne Brooks I'm hoping to use a combination of HML for purchase costs and my own money/investor money for rehab.The pre-approval isn't for a broker etc, it is for me to be able to know for sure I can get a purchase funded before I form an LLC with my contractor.

That's any combination of sale price + renovation cost. $700/month in rent, I set aside $300/month for insurance, taxes, maintenance, net out $400/month.

Trust is really everything but it's rare to find in this business.

The combination of money from your HELOC and a hard money lender might indeed allow you to buy the house and rehab it with little out of pocket.

It combines the first 2 steps, but you can make ALOT more since you are now finding the deal, marketing it, finding a buyer, then closing on the property yourself.

It'd be a sale with an owner carried mortgage at $110k, no payments, no interest for 6 months, after that interest only at 6% (saying it rarely goes that long, but you want coverage if it does, but she gets some assurance that I'm trying hard to sell it ASAP, which is exactly the case).

In a transaction, at some point one party or the other is expected to have some slight advantage, transactions are rarely exactly equal.

Hello all, I own a 4plex in Louisiana and I know it has 4 vents on the roof, but the vents don't have a protected cover going from the upstairs bathroom out of the roof.So I think the vents just suck up the hot air and it seeps out at any one of the combined 4 vents.Question: Is this normal in a 4plex or should there be a tube the air goes up?

I am also in negotiations with the adjoining condo unit to purchase their unit so that I can combine the two units and lease the combined space to a medical practice that wants to do a long-term (7-year) lease.