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.

Unlike other alternatives to your education, we assure that you get information that meets your needs that is legal, compliant and directs you to obtain competent consultation.

Equity can be obtained in time, it may or may not make you richer. :)PS.

If I obtain this now, does anyone know whether I can sue for Feb-May rent?

There are excluded or limited items, such as cash, electronics, collections and such that may need to be looked at specifically and insured by riders or endorsements to a basic policy, if they choose to insure over those limited amounts.The issue for you is the liability coverage they obtain under a tenant's policy, that's the only concern you have and that could reduce your liability issues, so you should check with your agent.Many variables will apply in determining their liability issues and yours as well as how and when your insurance may be affected with any claim arising from negligence of a tenant.