Please private message me, I am in Minooka but happen to be in Dwight driving for dollars about a month ago.  

I sold all my rentals  350 of them to a partner 5 years ago.. you talk about the happiest day of my life..

Would someone be willing to help  decipher these two: 1st Document: Document Type: MortgageRecorded Date: 9-19-05Grantor: ABC LLCGrantee: Local bankConsideration: $120,000.00theres also parcel number, document number, recording fee2nd DocumentDocument Type: Warranty DeedRecorded Date: 9-19-05Grantor: Jim SmithGrantee: ABC LLCConsideration: $70,000.00theres also parcel number, document number, recording feeThe current owner told me he had purchased the property in 2005 and he owns ABC LLC so would this mean that the property was sold in 2005 for $70,000 and the owner took a $120,000 loan on it? 

I sold my first property a few months ago and now just have one property. 

If so, do you check off "Other" and list "private financing" (as obviously this isn't a traditional mortgage)?

I questioned that when I read that but just figured I was just not yet aware of potential opportunities out there where you can get a bank loan for 90% of the cost (and pay PMI) or maybe bring in a partner or private investor to cover the other 10% of the 20% down payment to avoid PMI? 

Tenants do not even know the property is sold.

This is your "opportunity cost" to get into the market.2 - Exit #1:  Sold Comps. 

I would not do this deal for the following reasons:-Austin has had a tremendous run and while I do not see a huge downturn, I do not see how the run can continue at this level-Huge number of rental units coming on line that will bring down occupancy levels and rents will follow-Your $160 per month HOA fee WILL jump once the complex is sold out. 

And I need at least one more successful house “flip”, if you will, to allow me to purchase a cheap $15,000 apartment somewhere in foreclosure so that I can use that as my legal homebase and therefore qualify for Hardmoney or private money loans to do what I want to do.