Just thought I'd stop by and introduce myself.

okay, i would never make an offer over the phone. i would always put it in an offer contract and put subject to inspection subject to partners approval and this way on paper it legally gives you an out. i recently stopped looking @ homes and this week im gonna put offers in at 65-70% of market value and if they are accepted thats when ill go look at the house.

These people are often known as "upside down in Las Vegas" or "upside down in Florida" or wherever they bought that appreciation stopped (and prices may have fallen) after they bought.Best advice is keep reading this (and possibly other) forum to learn all you can about the good and bad of owning both your own house and rentals.Good luckall cash

After several of these deals we have stopped dealing with the realtor and have turned down several "investor" deals because we don't feel that they are getting a good value.I'm no investing expert but in my opinion, any customer who I can't get financed (in this market) will not likely pay their rent anyway.

The federal law that allows protection for the inter vivos trust exception specifically addresses the beneficiary of that trust ("a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property;") but I would definitely talk with an attorney and look at the specific clauses in the loan documents before I did anything.

Don Beck gives you a lot of issues to think about and problems that could come up with some advice on how to try to stop them before they start and deal with them after they have occurred.

It also stops the head aches of “land lording” and allows for a 100% rent to income ratio.

Maybe stop at local housing court and see which LL's are involved in eviction cases and call them all- they're probably fed up.

Hey Crazy,Number one stop people from calling you crazy because it will stick and it wont sound good in corp America.

BUT, the kicker is that you don't "make" the additional money in tax benefit, you just borrow it temporarily, because you will have to effectively pay it back through recaptured depreciation when you sell so the real calculation is:[b]Additional current year (CY) deductions x CY income tax rate = CY cash "savings"&CY cash "savings" x interest rate x # of years between when you claim the accelerated deduction and when you sell = real net benefit.