That score is then added to a running total that's kept through the year.By their third or 9-month inspection, we let them know that if they continue to maintain the high scores through their anniversary date (lease renewal time) they will get to pick an item from a list of gifts as an anniversary gift.

So in a proposal to me they state the profits can be re-invested (or used to repay the investors, or to reinvest somewhere else at the GM's whim, is it reasonable to assume I could even pay more tax than my initial investment?

I couldn't agree with you more that as FMVs continue to drop peoples LTVs will adapt accordingly as many more Short Payoffs are completed and slowly help bring down property values.

I have run across the idea of having a bridge loan as a backup to make sure you have the equity to get to closing and then continuing to sell the LLC shares and retire the loan as the shares sell.

Hi Kevin,I could be wrong, but I thought you could only complete the 40 hours in person, at a Massachusetts Approved Real Estate School.To My knowledge, only the 12 hour continuing education requirement can be completed online, but still must be a Mass approved RE school.

If the rentals get badly looked after by the tenants then there is extra work for their firm with the rehabbing to get the properties rent ready ; I have had continued 100% problems with all my tenants with this, and the profits have vanished.

All that having been said, you might be able to negotiate a better rate if you discuss with them ahead of time what the plan is and continue to use them for your investing.

(b) A late fee under this section may include an initial fee and a daily fee for each day the rent continues to remain unpaid.

With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.

The time period is extended as you continue to buy and sell properties in this group, until you sell the last one.