How about this: Try offering the listing agent a 50% ownership in the property, if he can help you obtain his listed property via owner financing.

If it shows as a fourplex on tax records and the listing, those units might not be permitted, Obtaining permits as well as rehabbing would be needed to make those "perks" legal and habitable.That may not be a good idea, because an occupied, renovated fourplex can get conventional financing.

William T.

. :) @Kevin Macdonald , @Bill Gulley , @Pat L, and @Dave T basically covered it correctly.Cost segregation is the route that I would go with new construction.

B/C of this i went with M&T at 85% LTV and got the ball rolling on the HELOC.

These were in fact regarded by SEC and most states (not California) as just being a private deal between business associates - pretty informal.Now my gut feel is that with our new overly regulated environment they are being regarded as securities offerings with an exemption status for private offerings - if all i's are dotted and t's are crossed.

(Info that could be obtained without personally seeing the property)Thanks!

I have a couple 50/50 partnerships where the partner contributes half the down payment on a new purchase and we alternate obtaining the mortgage in one of our names.

Different laws and local nuances occur in different cities and municipalities so join your local REIA club, obtain a mentor, or partner up on a deal to complete your first, second, or even maybe third one.

The Real Book of Real Estate" by Robert T.