Instead of relying on a cap rate that is garbage, I simply calculate the cash flow (using real world expense numbers) and look at the equity from my experience of looking at hundreds of rentals in my area(which is essentially comps, except I'm not relying on someone else's opinion of the value).

These can be tricky and are paperwork intensive.

They will just get their commission which the seller "essentially" pays.

Now cut that $700.00 dollars a month in 1/2 for operating expenses and you are essentially making around $32.00 dollars a month per unit.

Give the attorney plenty of time to get your paperwork in order but an amendment should work I believe.

It's the same paperwork that would be done by the lender (loan documents) and/or title company (transfer documents) in the case of a third party financing.

Residential has less paperwork but if I'm trying to sell a property that doesn't really compare to ones it surrounds it might be more difficult.

Having CASH or CASH EQUIVALENT (hard money, line of credit, commercial loan) investors lined up to buy your deals is essential in this process if you are not planning on actually purchasing the properties.I would also recommend that you put on the top of your priority list to develop the capability to close on the properties if you need to.

You essentially become a wholesaler.

We are working with a lawyer to draw up paperwork that would phase in percentages of ownership for her over a period of time.However, there's also the question of writing off the interest.