Did you have an estoppel certificate saying that the rents and deposits are correct and no other verbal terms are in effect.

I'm sure this is where the sudden drive to get into real estate stemmed from (well, that and my reading of Rich Dad Poor Dad, of course)I will definitely keep the job I have now as my primary vehicle of income, but I would ideally like to switch jobs into a leasing professional or agent role (I love going out and earning certifications, I did it last summer to become a NASM CPT, so a Real Estate License would be a whole other challenge!)

@Kealan Hobelmann - As a Lender, traditionally we would need a 'Certificate of Foreign Qualification" if your LLC is doing business outside the registered state.

In some locations, the house must pass specific codes to get a certificate of occupancy.All disclosures that the property's prior owner provided to the turnkey.A written statement from the property manager with specifics on the time and cost to evict a non-paying tenant.If you obtain all the above, buying turnkey or direct becomes a simple time vs. return decision.

Hello, everyone. I'm not getting much feed back on my discussions so I'm hoping someone will come with some kind of advice. I'm trying to learn as much as i can before I start my journey. There is a site, Alabama tax ...

You can use the Delayed Financing exception to get a loan of 70% ARV, based on appraised value, upto the purchase price and closing costs.That is the FM guideline - a loan at 70% of the purchase price is a lender overlay.

Generally, you can file a New Jersey Sellers Residency Certification/Exemption (NJ Form GIT/REP-3, as amended) for an exemption because you are structuring a tax-deferred exchange. 

I would ask for estoppel certificates.

As part of this process I have learned that MO law requires the Seller to purchase and provide a Resale Certificate to the buyer.

I read that he had produced a birth certificate.