Buffett let the cat out of the bag years ago on mobile home parks and you're not going to fall into tons of discounted deals on anything right now.  

I'm particularly passionate about Fix and flips and Airbnb.Outside of real estate, I enjoy spending the valuable moments with family, friends and building fresh water fish tank aquariums as a hobby.Excited to learn and connect with you all!

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

Id encourage your cpa to look at the 100 hours and more than anyones time test or the substantially all the activity test.

Rick, I'd just start by searching the forums here.

The question I have, is there a legal way to assume the mortgage since he has such a great rate?

Cash invested: $65,000 Limited Partner in the Regatta Apartments Syndication.

Hello, I am from TX, but considering investing in LTR in the Tulsa, OK area.

This was a 6 year old business account the never posted anything besides promoting our real estate conference. 

What should I be aware of if I am doing the purchase?