It let me acquire properties from a big picture perspective instead of being hamstrung with deals others wouldn't touch because they couldn't take the time nor did they have the resources to turn them around.

These does not include the 7 other rental properties purchase directly from the MLS in 2013 that we used knowledge learned on BPockets to acquire.

and thank your for commenting.I agree with you a 100%.Having said that, metropolitan cities like Los Angles, New York City, Chicago, Miami and Houston in particular, where rents are very high comparatively, it will definitely be beneficial to acquire mix unit.Now when you look at smaller markets, most people are looking for more space / number of bedrooms.

I recently acquired another one that should produce the same monthly income.

So it will cost me more to dispose of it than it did to acquire it.

When you talk to people ask them if they are a CASH BUYER that is actively acquiring houses in your area.

You would lease for up to a certain amount of time, say 24 months, then you would have to go acquire your own financing to purchase.

He sent me a potential deal that he doesn't have the capital to acquire right now.

The CFPB doesn't care if you create a tax liability or what tax form is needed. 20% will put you in a disguised sale, I have seen this suggested by tax types at 10% and state laws kick in at 10% for interests acquired.#3.

But the lender that I am working with is asking to show 6 months of mortgage payments for my current home and also for the rental property I want to acquire.