I'd like to expand my rental fleet, while also dipping into House Flipping in the DFW area and Tulsa/OKC.It is a pleasure to e-meet all of you!

Generally, you should 1099 each independent contractor whom you pay $600 or more in cash, check, or e-check/EFT during the tax year in the course of your trade or business.There are exceptions to this general rule, and it's important to understand what makes an activity rise to the level of a trade or business.You'll want to consult your tax advisor for the deep conversation.

And finally Lender D said I can close with my name and transfer to an LLC, but this may trigger a taxable event, the bank may call the loan (like Lender B said), or an increase in the rate from residential rates to commercial rates may take place or may not even allow the title transfer to an LLC.

Pickens if you transfer title without paying the loan off you may be subject to a due on sale clause.

Transfer the notes to you so that you own them.

I'm still at about 60 days from start(service of notice) to finish(booting their a$$e$ out the door) of an eviction, though more difficult cases can run into 70-75 days.

The question is do I need to transfer my money from my savings account in Bank X to my checking account in Bank Y to sit for two months there to be considered seasoned?

I just read an e-book called Replace Your Mortgage by Michael Lush and David Dutton.

@Daniel LehmanYou can potentially buy up to $1,000,000 in real estate if you get 80% loan to value mortgage.I would prolly aim for for a little less in total value so you have some funds as a rainy day fun and to also have a budget for repairs/improvements.I think it is a good idea to diversify your assets at this point in the market.I would like to see if you can get 2 3-4 unit properties in a B / B- / C+ class neighborhood.You instantly reduced some risk by transferring 2 units into 6-8 units.on a side-note, I really like San Diego.

It depends on if the loan is FHA, VA, USDA or conventional and if the guy you are buying from went through escrow or just did a "kitchen table closing", if the property was in foreclosure or late on payments in the last 6 years (right, you're in Washington State - where socialism went when it died in the Soviet Union) (I'm from Seattle, by the way ;-), how the underlying loan payments are being made, the status of the person on the underlying note, you have to determine who is going to pay the excise tax on the transfer and of course you need to see the terms on the Lease to Own, etc.But, yes, it should be able to be done.