I ended up changing title companies because I didn't want to pay 3k for transactional funding and on top of that I would have had to pay a special tax that D.C imposes.

I was prepared for the worst, but the two remaining tenants were able to come up with November's rent on time on their own.

I found seven that show a mortgage lending specialization with deposits under $1B in your area.I think the idea behind rate-and-term being easier than cash-out is that someone else has already looked at the deal and thought it was OK.

I'm from Nova Scotia, Canada, and am one half of a company that specializes in acquiring American real estate for both Americans and fellow Canadians (mostly vacation spots; have to escape these winters somehow!).

Do i need to work with a wholesaler specializing in burnt out deals?

Chris, I don't want to give out specific names on a public forum, but it was sold to a buyer by an LLC as special warranty deed at the top of the bubble in 2006, and then quit claimed into a trust by that buyer a year later.

I have the seller sign a Letter of intent to Lease and To OptionThe letter of Intent covers...Address, Rental Term, Renal Payment per month, Security Deposit, Possession Date, Option Sales Price (could new appraisal), Option Money (usually 3% or $5K min), Representations, Warranties, Covenants, and Indemnification, Legal Effect, Notice of Intent to Assign, Option Period (45 - 60 days)I have them sign the letter of intent (LOI), it goes to my attorney, and the attorney prepares the paperwork.There is an option release disclosure document that discusses that the buyer will be responsible for the following fee’s to be paid out of escrow at closing, which are for the release of the recorded notice of option, the assignment of negotiated purchase price, and the negotiated rent.2.

It takes a special type of person to make the sacrifices that all veterans have made.

I can say though great care needs to be taken when you prepare your return to document these facts and circumstances so that you have answers if you are ever audited.

Most of the owners that are worth talking to are very hard to find, the only way to connect with these types of people is to be highly specialized and focus only on apartments owners and build relationships with them. 100 postcards is a good start, but i would recommend making calls EVERYDAY to actually find an owner who is willing to sell & is realistic about the value of their property.