The remaining 10k would be depreciated over 5 years.It will qualify; however, you may want to straight line depreciate it or just take bonus depreciation to push some expenses to next year.

The equity remaining has diminished, thus the new party can only get what is left.

See an attorney.These` are "pass through" sales/installment contracts, you're a party to the deal as you remain liable as a guarantor.

Because if you're using your VA loan to purchase this property you have to occupy it with 60 days of closing and remain in occupation for at least 365 days.

For instance, I have a 40 unit investment purchased with seller financing- the cap rate is around 6% (seller Financed properties have inflated prices hence the lower cap rate), the cash flow is in healthy 5 digits;So still a great investment given the nature of non-institutional debt and the great cash-flow.We specialize in off-market deals & what we teach our clients is to not get stuck in cookie-cutter calculations but evaluate each deal in its own merit.

However a lot of wholesalers push deals where the numbers do not work, inflate ARV and underestimate repair costs.

Your primary LLC always remain the same.Consult an attorney or a CPA for detailed information.

Needless to say that has artificially inflated prices for rental properties especially under $150k.So if you are looking to buy rentals- stay clear of the MLS and don't take recent sales comps at face value as a measure of ARVs; know expense calculations to know your true Net operating income; you will be surprised how it can often be way off than what most wholesales would have you believe.Let us know if we can assist in any way- our specialty is in providing data on finding & evaluating off-market deals.

Only the entire lease can be terminated.If one of the two roommates wants out then that entire lease is terminated and the remaining roommate applies on their own.

I would like to keep the house, but I’m not sure if is a deal :( The mortgage company says that the remaining loan is $93,566.17, and they are behind 16 payments.