This enabled me to save quite a bit of money for the next investment which ended up being my primary residence at the time which was a 2 family so that tenant ended up paying 3/4 of my Mtg on that house.Having other people's money work for you can be a great way to build a bankroll and or free up capital for you to invest elsewhere!

We have no other debt.My question is whether it makes more sense from a financial point of view to pay down either of the houses or whether we should look into buying a property that does have a positive cash flow (there seem to be quite a few available in the Reno area) and use the left over equity from our Reno property to do so.I don't like the idea that we are stuck with the Las Vegas property at this point and would logically conclude that paying down that property until we have a situation where the equity is at least zero is the first priority.

Pouring more money into a bad investment just so you can brag over cocktails that you didn't lose money is quite frankly stupid.

She is 55yrs old and I am quite sure that she is not destroying stuff and that her weight was the cause here.

If she signs the quit claim can he then refi or modify the loan to remove her from any future financial responsibility for the house?

We quit staging and don't put any window coverings in our retail sales.

I think it sounds quite fair to me.

I have a grandson who has come and worked with me several different times on learning how to buy and rehab foreclosures, and this Christmas vacation came and learned quite a bit on selecting properties and construction of homes.

You will receive a monthly return regardless of the property's performance.The risk here is non-performance by the property owner, but you can have the title company or closing attorney hold a quit claim or warranty to be recorded upon default.When buying and holding, I prefer to have money partners to use a debt financing arrangement if they want nothing to do with the property.

There have been quite a bit of generalizations here such as REO's having 90 day deed restructions.