If you own a property outright and get sued that property can be foreclosed on to pay that judgement debt, but if it is fully leveraged with a loan it isn't worth them trying to foreclose on because there isn't enough equity to make it worth the effort and expense. 3.

heheAlong with all other most expensive suburbs in the US 🙈

Let’s break down these processes step by step for clarity.Part 1: Forms 1098 from Private Lenders to InvestorsForms 1098 from Conventional Mortgage Lenders: Traditional mortgage lenders provide Form 1098, detailing the interest paid on mortgages.

Paid in "cash" using funds from a HELOC obtained on a previously rehabbed property.How did you add value to the deal?

I paid cash for the first property, then used a combination of cash and an equity LOC on first property to buy the second.

The monthly rent is $2525 with the expenses of $800 and the 30 Year note is $900 which leaves a positive cash flow of $800 monthly. 

I wouldn't buy a property near a train if someone paid me to take it.

For example, if a client gives me the income and expenses on the rentals and it does not include mortgage interest, taxes, insurance or repairs, I have a follow-up question just to confirm that information is accurate.

Open escrow with homeowner, end-buyer, and self; self transfers contract to purchase to end-buyer in Title/Escrow, and provides T/E with end-buyer's contract with self: agreement to purchase, and fee instructions for self ($10k + difference if any) to be paid out of closing escrow5.

Due to it being an older property, I had to learn to account for more maintenance and capital expenses.