The tax bill and the insurance would have to be changed to name the company so the lender can find out fairly easily the property was transfer.

Yes, you'll get a bunch of cash at one time and won't be able to deploy it overnight, but the interest expense will again be paid off very quickly from the profits on the new properties you acquire.For cash out refi's, where there is no appraisal target, make sure that you meet the appraiser and politely provide them some favorable comps, highlight the improvements you've made to the property and the amenities in the area, and give them an idea of the target value you're looking for.Issues with LOCs are that they're floating rate, and the undrawn portion can be unilaterally reduced or eliminated by the lender at any time.

I like simplicity and fairness......good luck

I'm thinking of a number of questions:* how to legally set it up* how to make sure we're set up for taxes after the sale* what percent split makes sense and is fair* who buys and owns tools that are needed for the rehab* other risks I'm not consideringI'd appreciate any guidance on how to do this.

I've seen alot of properties selling way over list, that required MAJOR rehab expenses... and they still got a whole bunch of over list offers in the first week.

If you do not have a clause, I would still send the letter and state this is a concern and may result in a canceled contract since you can not fairly evaluate the property.Typically, 2 years tax returns, last two years financials including income and expense and balance sheet at year end along with current rent rolls showing unit, tenant, rental amount and start date along with year to date income and balance sheets are include in due diligence material not just tax returns.

The price I pay after repairs are completed is the "fair market value" which is also the "retail value" since it was a retail transaction.

Yes, you can refi fairly quickly, as long as the "value" is the appraised value or the price you paid, whichever is lower.

Just a bunch of random things really, but it was all beneficial, in my opinion.PRESENT:I save about 38% of my take-home pay, which will be used as my initial investment capital once I’ve saved enough.

Keeping occupants in the homes is sometimes a hedge against the property being vandalized or squatters moving in and can keep the home in general fair condition with people there opposed to nobody thereThe statement of possession is a CYA for them.