Was amused to see your instructor of a "Financial Planning" class take such a view of the Interest Only Option since it is a financial "tool" that can be useful to some people and should in fact be considered by some individuals to accomplish their "financial planning" goals.A few of the valid reasons why one might choose an interest only loan would be: 1) for an individual that has uneven income such as commission based or one that receives occasional large "bonus" checks that could be used to pay down principal.2) For one that is confident they will be making significantly more income in the future 3) One that truely has a plan to invest the savings in something that offers a higher return than would be realized in paying principal on a mortgage 4) possible tax benefits to one that needs the highest interest deduction to reduce their tax liabilityAlso, most interest only loans "recast" each month, meaning you only pay interest on the AMOUNT YOU OWE.

As an LLC is a tax pass-through entity, you (the owner) will receive the same tax benefits as you would if you deducted these repair/improvement expenses on your personal taxes--but, if you use the LLC, it helps legitimize the LLC, is more defendable in an audit b/c it reflects a real business process instead of tax evasion, and frankly it makes it easier and faster during tax time.How might this help in reality?

I'd be more than happy to receive and increase my network in the CT area.

i just received my notification in the mail that my real estate sales associate application was accepted.I take my state (florida) test next week and feel confident i'll pass, no problem. my problem is that i dont know what direction i should take. i want to work for a owner developer like KB homes but on their website is says "recent residential sales success preferred, however new Licensees with a proven successful sales or customer service background are welcomed" i dont have a strong sales background and my resume won’t have any sales experience highlighted at all. what should i do?

It is something many people leave out, and can really catch people's attention.

I'm sure any answers received will make me think of new questions.

I think my head will soon explode from the info overload, but it's fascinating to me and at 31 y/o this is the first thing in my life that has grabbed me as what I really want to do with myself...If anyone has any usefull links for me to add to my collection, I'd really appreciate it!

The more often you do these analysis, the quicker you will get at locating a cash cow or a dead dog, and the faster you will be able to get your deal before an experienced investor swoops in and grabs your diamond in the rough.

It is not necessarily 30% rent payment on the tenant side - it just depends upon what the tenant can afford based on whatever income amount they receive in a month.

The first time I used it, I received 20 emails within the first hour of posting.