To get into the property earlier, you could ask to tour the common areas, mechanical rooms, and a few vacant units before you make an overture.Once you have done your initial analysis based upon the pro forma / memorandum of offering from the Vendor and decided to pursue the deal, you will either submit an offer of purchase an sale directly (on a small property or straight forward deal that required little additional diligence) or you will submit a Letter of Intent (LoI) outlining your intended offer, the materials you require to complete diligence and the timeline to an agreement of purchase and sale.In the materials you will request from the Vendor, will be information on all existing leases and any other agreements between the landlord and a tenant.  

The details are outlined below.It is currently owned by a group of family members who purchased it from their relatives in order to keep it in family.

I was privy to a lengthy memo authored by one of the head honchos at First American Title that outlined why they won't do simo closings anymore.

@Matt Shields  unfortunately it's not nearly that simple, or if someone did something bad, they would just push all assets into an LLC and walk away.As I outlined previously, if your a pure investor, you will have nothing to do with the management of the property, the rehab etc, and buy and hold the house in an LLC and the note is not guaranteed by you personally, a LLC does exactly what you think it will do.I have $5MM in liability insurance with an umbrella policy, it doesn't cost very much at all, and I don't have to worry about liability as long as I take care of the house and keep up on maintenance etc.If a tenant calls you and says "I smell gas" and you do nothing and the house blows up and someone is hurt or killed,,,your screwed no matter what you have done with insurance, LLCs, series LLC's etc etc.If you had no idea there was a gas leak, and no reason to know it, then your covered by your $5MM in insurance

Hi,There are a lot of resources online.I am in the process of putting together a business plan myself.The real challenge is compiling data and presenting it in a compelling manor.Step one is the outline though.Plenty of outlines are available just searching "real estate business plan"

Here's an outline of how he did it:1.

In the current market the alternative portfolio loans are called non-QM loans because they do not meet the "Qualified Mortgage" standard as outlined in the Dodd/Frank legislation. 

Here’s a link.Many of these listings provide an outline of the course, apparently written by Cowgill, so you’ll get a sense of what you’re buying.

Thank you, most of these have dress outlines such as business casual or formal depending on the setting of the meeting, however would a pair of chinos, tucked collar shirt and belt work.

Home Equity Conversion Mortgage an FHA loan for folks who are 62 and older which allows you to purchase a home by making a one-time down payment and never make a monthly mortgage payment as long as you occupy the home.My friend Gordon's plan was to work until he drops.let's outline one creative use of the HECM for purchase.Baby boomer wanting to retire BUTHas a $200k in equity in his home (his entire net worth) and still has a mortgage payment of $1,200 that's holding him back from being able to retire.