If you "tell little white lies" there's a reasonable chance people will find out anyway, then you'll REALLY look bad!

It may not affect a single deal, but if you get a reputation in your area as someone who isn't reasonable, is always trying to save another $1000, then you run the risk of other professionals calling your competitors instead of you when deals come up.Being easy to deal with and understanding that the other guys need to make a buck too goes a long way.

OOooooh, so there is risk if say I am paying his loan and have control of the house and he for whatever reason loses the loan?

If I were you, I would learn all sorts of things about personal finance and real estate investing, sure, but I would spend a lot of quality time (and money) on furthering my education and having a social life that includes going out on a lot of dates.Here's my reasoning: if you look at all the millionaire households in the USA, as of 2009 95% of them are headed up by a married couple or widow/widower.

I love the idea of house hacking but there are very few options on the MLS to even do it, let alone at a reasonable price ($600k+).

For example, how many 2,00 sq ft 3 BR 1.5BA homes could reasonably be built on 1.25 acres of land?

Here’s the secret: Create an LLC and have the LLC lend you a mortgage on the property you are receiving.The reason why this works is because instead of you needing cash or receiving a cash out loan, we are now refinancing a loan – your loan.

you don't have any expenses itemized so I don't know your U/W but when I see a property with outsized gains, for no apparent reason, then I know the reason is offset by appropriate increased risk.

You agree to not enter the home without proper notice and a good reason.

What I was really asking is if you couldn’t put granite in for some reason, what would be your alternatuve.