If a lender needs to liquidate a loan for any reason we are able to insert another lender or 'sell' the note to another lender at full price to the original lender.I think it is a great way to offer an alternative for your buyers and insulate your business from the whims of banks, but it requires a pretty large network or at least a handful of really good lenders with a lot of capital.

My husband and I are going to try our hand at landlording.

The court stated that there was a real conveyance even if no money changed hands because the Gebhardts obtained benefits conferred by a Virginia LLC, including limited liability and estate planning benefits.

It sounds like a good idea but a lot of people might want to choose their own inspector.On the other hand, it could also open a can of worms for you if a severe problem you didn't know about is found.

Also, I would submit the request with delivery confirmation or by hand and get a receipt.

On the other hand, if you travel overnight, then any meals you need are deductible, but only at 50% of their cost.

You can do the advertising yourself pretty easily, sounds like you just need someone to unlock the door and hand the prospective tenants some paperwork to fill out.

If your friend is not interested in doing hands on stuff, I'd research top investors like Ken McElroy on multifamily (MF) properties, or Dave Reynolds and Frank Rolfe on Mobile Home Parks (MHP) and talk to them about doing some silent partner projects.

I am paying cash so I won't have much holding costs.On the other hand, inventory is very low (2.77 months) especially in the price range and location of this property.

If your wife is not on title, then she can't take the capital gain exclusion in her own right even though she may have maintained the property as her principal residence at least two of the five years before you sell.On the other hand, if you sell in the next couple of years, there may not be any capital gain anyway after selling expenses and sales commission.