I guess you don't know unless you ask, but does it mean the bank won't consider any non-cash offers?

Offer a LO to my tenant.Ask $65,000.00$780.00 rent per month$1560 down payment (non refundable, first two months rent)$140 optionone year term, renewable for one additional year.$80 per mo rent creditAssuming they purchase after one year (which we most likely know they wont), using these figures would gross me $10100.00.Difference in rent: $3360Difference in price: $7100Consideration difference: $600Rent credit: -$960------------------------------------------- Gross profit $10100.00Seller gets her asking price, doesnt have to lose MORE on her investment and $80 a month cash flow.

Next tenant needs them,you move back in,,then dont work for non use.

No state income taxes, vehicle inspection and CHEAP insurance rates for autos and medical.

Can someone explain what ratio(s) the banks are looking for when underwriting a loan on a condo (i.e. number of rentals vs. primary residences)? Where are they deriving these numbers from - public records?
Also, Is i...

Hey quick question BP. when using dummy ads in places like craigslist and backpages how do I word the ads to weed out all non-investors, so I am adding bonifide investors to my list.will

If it was your intent to sell to one non-disqualified party with teh intent to have thme re-sell to the disqualified party 3 years later, then yes, it could be ruled as a prohibited transaction.

Because of that, you will want to watch out for the non-compete clauses.

Now the tenants are out because the power was shut off for non payment, but they owe the outstanding water bill, the balance of unpaid rent, court costs, and clean up fees.

For my non real estate investments I have some IRA money in oil royalty trusts and in natural gas pipeline companies.