Set up an option to buy at current or below current value.Then exercise option to buy by either going to the bank and get 100% financing, after you have had a vested interest for 12 months.So you do this to show a track record for a year?

In another note, he said that Jerry Cohen and his nephew Scott Cohen were convicted of a major rental fraud scheme in Philadelphia in 1999.If you look at the Cook County Recorder of Deeds website, EquityBuild is the Grantor/Grantee on 190/160 properties respectively in the Chicagoland area.

Unfortunately, this job requires a lot of travel, stress, and no predictability.  

Yet,if you add in the cost of travelling to Fl,paying for property management, etc.

Before offering, look up the property in the local tax records to see what the owners paid for it and when.

I would challenge that you can really sustain $150K a year consistently without a few years of actual records. 

I'm in San Jose working with a youth corps programs that is starting to do Tiny Home construction and we are reviewing all the regs etc for California -- the hope/goal is to make quality homes to service our homeless population then the community then eventually FEMA etc...These will be on trailers - Our approach will be to approach members in the community who would like to have the extra rental income by having on elf these on their property -- no doubt there's a lot of hurdles ahead of us but we have a record of building/construction - the challenge will be the market and regulations  which I guess always is the case....

-------------------From a legal perspective, any mortgage recorded after another loan is a second mortgage.

When I pulled the county records it shows a Contract for Deed detailing out a seller financing situation.

I have a track record of making significantly more than my projected profit, so I rolled the dice.So there we have it, step 1 & 2 and we have a spreadsheet with the rehab, holding costs, closing costs and profit all filled out.