I would manage the property once he is moved out, and would collect 10% of gross rents to manage it.

I would manage the property once he is moved out, and would collect 10% of gross rents to manage it.

I wonder if they would sometimes rather just get their payoff from the bank or continue collecting payments for the interest

I have the primary residence which generates no income and for the properties which I own, I have done cash-out multiple times so overall my D/I is hitting the max.Is there a way, I can move one of my properties to my wife (we are in CA and she has quit claim all properties before) without any tax implications, to open up my D/II was thinking of refinancing, adding her back, and then again refinancing and removing myself but given we collectively have more than 10 properties, this route will not work.Any other ideas?

Collect data  and analyse that data...You will be a GOD among ants.Why do you think the universe gave me a name change to MSOOTKAUG?!

I mean realtors were ripping sellers off by selling their property to close friends and investors without giving newbies like me a chance.I would put bids on properties for over the asking price and the listing agents would eventually sell the properties to their own clients at a lower price and collect the 6 percent commission instead of selling it to me at a higher price and receiving a 3% commission.That made me so mad that now I do not care who my agent is, I will only purchase from the listing agent because I understand greed.

There are a few ways to collect the rent, but my tenants prefer paying cash and using Cash app.

That said, some versions of the scheme involve buying a property, renting back to them and not paying the mortgage, or obtaining title and collecting rents without bringing the loan current.

Next time be pickier with the neighborhood and the condition of the house - and never trust the realtor to collect security deposits from the seller if buying with tenants already in place Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself and four of my friends are looking to go on this journey together (also using their own salary as to cash flow to build our collective portfolio)As are all fairly new, we have a few questions like:Should we incorporate ?