I believe you could purchase an off market deal, than as soon as title cleared begin to market the property as you would now own it, but if you can just double close it would defeat the entire intent of law which btw is something courts will often look at during cases about interpretation of laws, what was the intent?

Should we be giving a little more grace to the folks who have handed it in and admitted defeat, simply because they will not compound losses on those deals?

Only solution for them is to go move to low cost cities which have no economy, but that defeats the purpose.

JoanneYou can simply up your liability coverage on properties 11+  This defeats the purpose of having the umbrella

But, you should keep in mind that the family may want to get market value and it defeats the purpose of buying from family to pay market value for it.

You will have to check their work a lot which may defeat the purpose.

Hi BP community, I'm looking for any support, encouragement, wisdom, because I'm feeling pretty defeated as a newer investor.

This endeavor defeated me fairly quickly.

So if the money is in your account, the bank usually only needs to see statements that go back 60 days and the money will appear as though it were always there.Just to be clear, lenders don't allow Credit to be used as a down payment since that's essentially defeating the purpose.

To me it defeats the primary reason for hiring a Property manager. 9.