I will PM you for details and other info.

Omar Jaramillo I am not sure wha tthe details or rates are with allstate but I have a great allstate agent you can ask.

I am new to REI and am researching and learning as much as possible to get started in the fascinating world of investing in real estate for the future.

This is my first investment financing package (not owner-occupied) so I'm not sure what details they need on the property beyond our personal financials for financing.

Charging usurus rates and high fees bridges more on criminality, as I said, there are some who should not borrow money just for the sake of doing a project, especially when, if it is a viable project, it can be accomplished through other means like partnerships, buy-sell and repurchase agreements and management arrangements.I'm sure I'll be blasted, I can hear it now, the HML serves the public, serves those who would otherwise be out of business, assessing risks to the most minute detail (LOL) and since they have money, must be some of the smartest people walking the face of the earth and kindest even giving people a chance to succeed, ......yah right!

And, if you take something out of service before its fully depreciated, you can take the remaining depreciation at that time (as I understand it, my CPA does all the gory details.)

Here are the details of the purchase.Asking price 155,000 year built 20063/2/2 with 1250 sq ft each siderent 650 each side - last years taxes 1600insurance I'm going to estimate around 600/yrI have 20 percent to put down.

You need to have her give your permission to know some details saying you are willing to assist in her expenses and possibly helping with the financing.Then the MB can disclose her ability to finance and you can work out your deal to fit those needs.But first, you need a sale price, pull comps that you can show her and justify your price.

Some additional details.

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