Are most of the deals you have accepted showing multiple liens?

I spoke with two foreclosure/short sale experts at my meeting tonight, but didn't have time to engage in an in-depth conversation... so their advice was simply "Just get the deal on paper first -- get them to sign it over to you before doing anything else."

You will probably get multiple responses to your questions within a day.

:wink:Kristi,I invest across multiple time zones so investing at a distance is not a problem for me.

Would you be able to move it into another rental property---or multiple properties--- that will allow you to cashflow 400+/mo?

If you let the seller have their price so you can get your terms then make sure you still have multiple exits.Now, if you get a property on good terms now and the seller carry is not all that attractive expect that there will be a point in the future when the seller will want to discuss an early pay off.

You will have multiple members so being taxes as a pass through entity makes sense.

I do have access to NOD, REO filings and currently have multiple offers in on REOs, and attempting my first short sale negotiations as well (wish me luck LOL).

On average, for multiple properties, expenses (including vacancies) will end up around 50%.

the challenge seems to be in finding an escrow/title company that will allow the "double escrow" to be done.....for example: there is an escrow open that is required by the lender once the "approval" from the lender is secured....then there needs to be another escrow opened between the "buyer" and the "end-buyer" on the same property....so, "end buyer" comes into escrow with the $300K plus closing costs, closes existing escrow on the property...then the title/escrow officer walks into the next room and applies the $250K plus closing costs to the original escrow to close that one.in theory and once in the past this was the way it was and still should be...but, now as it seems, most escrow/title companies are not wanting to do the "double" escrow for reasons of "full disclosure" to all parties, for fear of not being "sued" for some type of fraud.those of us not engaging in these tactics get penalized.....but, such is life....i have a title company that has stated they will do a "double" escrow but, will need to let the lender know this fact. not disclose the "amount" the "end-buyer" is paying, merely disclose there is a 'double" escrow in effect....well, obviously this should kill the deal right at the very end....so, not a wise direction to take....