Hi my name is Thelma and I'm a new Member to this forum from Portland Oregon I need Help please anybody I have a motivated seller he is desperate to sell his house his payments are current and he has a lot equity this is his 2nd house he needs to sell A.S.A.P because he's wife have health problems he is being trying to sell this house for a year now I'm trying to help him but I'm not sure how to structure this deal he has a lot equity what i would like to try is to create a note for 80,000 and pay him when i refinance on 3 to 5 year terms and 150,000 in payments how would i structure the payments.

A C-corp allows you to write off fringe benefits like health insurance.

So if we win by default, how long does it take from the time we get the judgment to have her officially evicted to the time when the sheriff will go out and remove her?

There is zero change you will be able to officially take over the loan, regardless of your financial situation.

They will have more experience with all the paperwork that is required for this financing package.To purchase and finance a home through Fannie Mae with more than 4 existing financed properties, investors must meet all of the following criteria:* Make a 25 percent down payment on the property; 30 percent for 2-4 unit* Minimum credit score of 720* No mortgage lates within the last 12 months on any mortgage* No bankruptcies or foreclosures in the last 7 years* 2 years of tax returns showing rental income from all rental properties* 6 months of PITI reserves on each of the financed propertiesand to reduce fraud, *you must sign a 4506-T -- a form giving lenders permission to verify your submitted-with-the-loan tax returns against the official, IRS-filed version of the same.FYI: For refinances, loan-to-value is capped at 70% for all property types.

Hi Y, Congrats on taking the leap to start buying, and welcome "officially" to BP.

The custodial folks say that the LLC has to get an official appraisal, while the LLC proponents say that I just have to send my own estimate.

Profile picture officially uploaded and business wheels are already turning!

At 66 lots of things happen some people want to move to a warmer climate and dont want lose strings attached or your health is another factor. the other things involve your estate and do you want your kids to have real estate to contend with or is this strictly your thing?

It's official.