Time of Event: 07/09/2014 at 06:00PM Location: ROUND TABLE PIZZA, LAKE FOREST Fee to Attend: FreeThis poster certifies that there will be no pitching of products or services at this event.

In general, if a property gets listed on MLS , LoopNet, CoStar etc then my experience is that it has already made the rounds amongst a lot of serious investors who have passed it up due to being overpriced.

You can do a Wrap Round mortgage, but i think that is along the lines of number 3 you mentioned.  

As an added bonus, my son just finished HVAC training, and my nephew has helped his father on many rehabs.

The plan with the refi is to pay back the investor(which is myself as I would purchase with a line of credit)There are no large capital expenditures (new paint, new water heater in March, new roof 2 years ago)If I had the option of a 30 year note I would choose that but I already have 4 mortgages with traditional financing and even with decent income and strong credit banks will now lend me any further traditional finance deals.The other bonus is the seller will rent the property from me while his house builds.

This is why I'm turning down a $95k bonus to stay in.

Appreciation is a bonus ESPECIALLY when investing in 50k properties.You said you have a 250k loan to use? 

I was told when I bought the building that they were not "legal" 4 bedroom units, and could only be used as 2 bedroom units with "bonus rooms".  

I too am looking to start a new round of investing towards the new year.  

New to this and wondering what kind of back round checking I need to on a property and where do go to search.