The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

Not having any luck on the 2nd mortgage note.If I purchase the 1st, can I foreclose the property and take ownership?

A key component in reaching that middle ground is responsible ownership.  

Most plans allow you to borrow $50k or 50%, whichever is lower and pay back over 5 years.I believe 401k also has much better benefits for property ownership if you are leveraging.

When an entry level home goes from being 300k+ to being only ~100k the dream of home ownership becomes orders more feasible.If you're determined to stay, Justin gives good advice.  

If he relinquishes ownership in LLC is he still libel?

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

Hi There-I'm writing an offer on a commercial property with a partner. It's a 2,200 sq ft restaurant. We offered $375k and sellers countered with $440k. Gross rent will be $4k monthly. What is the best way to vest the...

You are using the PITI number...you do understand that the T is property taxes, and the last I is property insurance, both of which have nothing to do with "the costs of the loan", these are costs of ownership whether financed or bought with cash.

The main thing for anyone thinking this route is that the partnership can NEVER (until it is dissolved) change as far as the percent ownership, so it takes a LOT of thought going in how you want to structure it.Good Luck, Dan Dietz