The homes (single family residence, townhouse, condos etc…) selected for this program are in good to excellent condition, in nice neighborhoods and usually do not require rehab.Qualify Credit Partner.

If I KNOW that a house is empty, and I KNOW the seller is an investor, and I KNOW they want to get rid of it.....how can I profit from this condition, with the least amount of risk?

i'm currently in the process of buying a 2 family home with 2 additional store fronts. this is my first venture into real estate investment so please excuse me. the property is listed on Zillow.com for $191000 the owner has agreed to $90000 in as is condition. the est. cost to rehab the property is $60000. i will be doing alot of the work myself so that price will be coming down closer to $35000. my question is if it is possible to setup the financing to get cash on hand for the repairs or does the money have to go into escrow. thank you for your time.

If they quote a higher price, I say "the most I could pay for your house in good condition is $XX,XXX."

I've heard of doctors/lawyers loaning like $500,000 out at like 8%.

Depending on the prices, areas of the country, economic conditions and so on, it can be very difficult to find cash flowing properties.

So, if you had one account that had a bunch of stocks as well as a house, and there was a prohibited transaction involving the house, you would owe taxes and penalties on the stocks, too.I'm not a lawyer or an accountant, so your mileage may vary.

Hence it might make sense to buy using an OH LLC and then avoid the PA tax that your lawyer warned you about.

Typically what you see is:5-10% of gross rents collected (some set minimums in addition)50-100% of 1st month's rent for getting a vacant unit rented plus advertising (high in my book)50% of 1 months rent for lease renewal (complete rip off)Some will take a portion of late fees (bad)Many will charge you hundreds of dollars to handle evictions (even though they do nothing but call the lawyer who handles it all)Typically, they also charge $25+ per hour for handyman (who they likely pay WAY LESS)The fees are never-ending.

When I pickup the rent, I do a quick walk-thru of the property to check the condition.