Also, since you will be doing short-term private lending you should consider a Checkbook IRA (which is basically a self-directed IRA on steroids).

You can add, for the most part, whatever contingency you want as long as the seller/sellers attorney approves it.

Hi Nico, Yes, lazy listing agents are a surprisingly common problem--if only the sellers knew they were ignoring calls from interested buyers!

And yes if someone clouded your title IE recorded the contract then yes but short of that ..

They claim that they will pay a premium on the rent but only for a short term.  

Detroit is very much a cash only market at those prices and sellers aren't generally wanting to deal with financed offers.

Do note that when the corporation one day decides to return money to the foreign person it will be required to make the FIRPTA withholding and pay its own taxes on any income the property generates.Individuals can also complete Form 8828-B for a withholding certificate relieving the seller of the duty to withhold FIRPTA.

Hello, so I've seen that FHA loans do not like you to rent out your property until after you've lived in it for a year, and then even then, they seemingly are not compatible at all with short-term rentals (under 30 days), like for Airbnb.

Me personally, if I was told by the seller (whoever that is in this case) that the property is vacant I would go into the house and see what I just bought.

I'm getting a lot more seller finance, sub2, creative finance deals than ever before.