You are in a business with the intent of making a profit.taking out a loan is not income, it is increasing your debt.If you need cash to live, properly budget how much you need and plan accordingly.If you don't have a job and only relying on rental income.

Does anyone know exactly which TREC forms I will need and how to properly fill them out that that I am covered on all sides of these agreements?

Inexperienced investors tend to (1) get exited about deals without having the experience, knowledge or ability to properly determine if indeed the deal is good, bad or mediocre, (2) take what the seller says as gospel not realizing most sellers will exaggerate, lie and or withhold vital information to get what they want, (3) engage people who will provide opinions for free rather than pay a competent professional, (4) get emotionally caught up in the deal and very defensive when receiving an opinion or information that doesn’t support their dream, and rationalize that more experienced people who point out flaws are “jealous, negative or haters”.Btw, no one can provide any knowledgeable answers to your questions without first analyzing the deal, your ability to come up with a down payment, your credit capacity and banking relations, if you have a track record, your experience with similar property ownership, etc.

We'll be asking attendees to pre-register for sessions so we can better gauge interest properly allot classrooms accordingly.We should have longer sessions too, which will allow for deeper dives into the content.As far as timing goes, we will still have a tight schedule between sessions in order to make the most of our time there, but will have ample time for networking in the evenings.

You are a lender (our friend is not) so I’m guessing your words carry more weight!

While we are very early in the process of investing in real estate I wanted to get some insight on the proper way to vet a contractor to ensure we dont get burned in the process.

Otherwise if you want to buy today, you can get owner financing and plan to refinance in 1 or 2 years when you have had the proper time on the job.I hope this helps?

Low slope roof on 1,200 sf starter home in working class neighborhood.It seems like the proper option is a TPO roof with and estimated lifespan of 20 years.It seem that the cheaper option is to replace the exsisting MSR roll roofing with the same again which has a 8 ish year lifespan.The price difference is $1,800.Do buyers know or care ?

Louis proper - is squarely on the bad side of it.

The OA sets the purpose of the LLC, who can make decisions on behalf of the company and other stipulations.I would hire a local attorney to set it up properly, otherwise you have wasted your time and money.