Legislative Updates & How They Affect Title to Real PropertyThis month 6 Feb our title company sponsor Martin Garcia, Vice President of Texas Secure Title will be speaking with us about the latest legislative updates and their impact to real property.

Thus, nonbank residential mortgage lenders and originators, and mortgage brokers, are grouped into the "loan or finance company" category.However, the term ‘‘loan or finance company’’ is actually not concisely defined in any FinCEN Technical Explanation of Anti Money Laundering Requirements regulation, and there is no legislative history on the term itself.

Since it's a repo, I'm uncertain about other major maintenance such as windows, doors and roof.So here goes my take on the strategy:Offer 400,000Get 500,000 hard money to account for rehab and upkeep costsRehab and Rent all 8Refinance mortgage for a value of 700,000, so 80% amount to finance = 560,000Pay off the hard money lender and fees.

Threads like this inevitably do two things at the same time: they help pacify us with intelligent and compelling POV's, while at the same time stir unease given the contradictory and uncertain nature of trying to predict our economic future. 

Check your local landlord / tenant legislation.  

I also think it would be pretty nerve-racking to take that money with that guaranteed return and gamble it on the uncertain.

@Chet MazurWhat remains uncertain in your scenario?

Even with all the info here on BP, I'm a little uncertain as to how to actually progress with taking action on from this standpoint.

-I am also because it is my first multifamily deal uncertain of how to analyze the property entirely, I understand basics of cap rate and some of the things but not sure how to create a strategy of buying the right property with the goal of longterm hold with 8-10% cap rate if its best to buy something that needs a little work to up it to the rate or if I should go after something that is already performing.Any feedback appreciated thank you!

They are key to keeping legislators up to date on things that impact our industry and are protecting our interests.