We passed on quite a few deals YTD and are currently analyzing another four off-market deals and in talk to buy another trophy property.

It was tough to actually find a person that would be able to pass our cross-quailification process.

Joshua Dorkin and Brandon Turner have been educational and entertaining to say the least.

but we had to pay cash to get the huge discount.. but we did get our local bank to fund it with no money out of our pocket.. but most of the folks here on BP starting out probably cant get 2 mil signature loans like we did.anyway would be curious to have you expound on your model if you care too.I did a ton of sub to and foreclosure rescue in my day before the anti equity skimming laws were passed on the west coast

Would you pass on this property, or pursue it?

I might either have to charge lower rents or just pass up on the deal. 

I bought it from a wholesaler - the seller was elderly, had already moved out, and in fact passed away during the process but the sale was being transacted by his son and it continued on in spite of this hiccup.This is a 3/1.5/1 ranch in a very desirable (for moderate home prices) area off Red Bridge Road called St.

I currently work as a mortgage specialist for a big bank and have completed my course studies for my RE lic (just waiting probably 4 more weeks to get my test date but everything is in to get my license once I pass).

To be clear, this is not pass through taxation, this is specifically a fee for the LLC based on the gross revenue of the LLC.Now that being said, I see your title states you live in CA.  

In theory, it can be subordinated so that it passes on to the next owner as it is in the Property Taxes.