The 1 bedroom units are too cheap to be able to obtain a mortgage on, so there are few options for the existing owner occupants to dispose of their units, which means that our offers to purchase via land contract with 20% down and 4 – 6 year payment of the balance have been well received.

I eventually would like to obtain my real state license but I have no interest in using it acting as sales agent.

Update 1.so based on feedback from BP and one of my mentors this deal will def be a bear. challenge 1 - obtain POF(proof of funds) since im looking to leverage the deal with private money, ill need to start searching.i did find an investor who is 100% financed but they made me a lesser offer than what i needed and it didnt cover the rehab cost and they werent interested in partnering up. my mentor has his funds tied up in a current buy.i have a small list of buyers but ill be contacting them shortlynext stepfind private money, orapply for hard money loantest my mettle find a creative way to finance this dealthings to avoidlosing my contract moneywasting the sellers/realtors time. avoiding putting the seller in worst financial postionthank you all for your input and feedback, its really appreciated.

What documents should I obtain before purchasing my first rental?

First, I have too much credit debt (embarrassed to admit 50k) and wanted to obtain a HELOC to pay off and at least get a tax credit for the interest paid.

Good evening,I have a few questions pertaining to some deals I did this year....deal 1 is a rental that I bought & paid a contractor to rehab....do I need to obtain a W9 from the contractor?  

Use your car for collateral to obtain down payment to the seller or if you have credit cards with cash advance feature, call the credit card company and ask for a credit limit increase with the increase for advance cash.

I am looking for some help to obtain a property.

Yes six figure incomes are obtainable but it takes years to get to that level.Hope this helps!

Only obtain payments on things that rise in value and put cash in your pocket.