Hello all BP folks,A conversation and possibility has been brought up.  

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Bank's are WAY more likely to knock out all of an underlying debt on a property than they are to give you all of the cash you brought to the deal back.For this reason if you can structure the cash you're bringing to the deal as a loan, it will allow a lender to do a knock-out refi instead of a cash-out (which will also likely have a lower interest rate).  

I was told that 20% down would be required for the home I'd move into because of the increased risk brought by the rental property.Can anyone provide clarity on this?

I was told that 20% down would be required for the home I'd move into because of the increased risk brought by the rental property.Can anyone provide clarity on this?

Your marketing strategies are as good as the efficieny of your ads resonating with your ideal audience.So here is the trick.1) You need to reach your ideal audience... and 2) Your message needs to resonate with that ideal audience.You shouldn't focus on "ads spend" and how much money you need to reach a quota.If your ads suck monkey butt, you need to spend a ton of money and who knows if you even get anything... monkeyBUT... if your ads are awesome., you would have to spend a fraction of what your competitors spend and you will make a ton of money.Think Credibility and message resonance, not so much adspend.Hope that helps

I understand that it takes a lot to get your feet wet and I feel as if I am retaining so much information and learning so much on a daily basis between the multiple podcasts, chapters in books and other sources that some important stuff may be left behind and useless info brought with. 

This was the classic, stinky, gross house that took a lot of time to get right but ended being a very nice house that was brought back up to the quality of the neighborhood.

This was the classic, stinky, gross house that took a lot of time to get right but ended being a very nice house that was brought back up to the quality of the neighborhood.

Which brought forth my posed question.