The joys of ownership.

I would avoid speculation/betting on the draw starting out.An important key is to determine what sells the most in your market then align your purchase to whatever is getting the most turns.

I can speak in general… Not specific to your State or to a living trust… I can say, that usually with almost any type of trust, there is some sort of deed (quit claim or other type) that is prepared and recorded to transfer the ownership to the trust… So my opinion would be yes!

So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.For rehabbing: (ARV * 70%) - repairs = Max Purchase PriceFor Renting: Rent * 50 = Max Purchase PriceI would like to buy a property to Rehab, but be able to fall back and rent it if I can't find a buyer quickly... while also having positive cash flow after mortgage and operating expenses.If I put an offer on a property for $25k and the ARV is $50k (if I put in all new flooring, paint, and redo the kitchen and both bathrooms) that leaves me $10k (According to the formula) for repairs which I could likely do if I'm doing it all myself.BUT...That would have me with $35k into the property, and I am only confident of being able to rent for $600...

Do your best to help them, but if somebody is determined to get scammed then you have to let them go.It's the innocent ones that get scammed that pang my heart so much.

If the concept is new, your best hope is venture capital-- and they are going to take a large percentage of ownership, not just passively provide money.If you've got a really good idea and the well organized schedule of how it is going to be implimented, you should be able to get the money.

Any help from your perspective can assist me with determining if rentals are another division I will be proceeding with.

This will determine how you rehab the property.5.

But do you honestly think with your drive and determination you will only find one deal or one person in that club to do deals with?

And if I do that, by changing the ownership of the house, aren't I in default of the loan?