With such small odds combined with all the hassle of putting the money together plus all the risks involved its just not worth it.

I had asked if it would be permissible to have a group of investors pool their properties somehow to apply for the insurance together and she said that would enable everyone to qualify, as long as the combined value is at least $500k.

(Bergan County) I live in Somerset county and invest in Union county.There are some great buys out there now combined with rates being at historical lows I think this makes a remarkable buying opportunity.Just be careful of those NJ RE taxes, they really stink!

If there is a tranfer tax triggered when interest in the property changes from person to person, entity to entity, or any combination thereto, that would make wholesaling lease options and all the other creative wholesaling techniques transfer-taxable.

The capacity to pay the loan is at the top of the list of requirements, but it's not going to be a loan program with verifications of a borrower's income and qualify.Let's assume the property passes the collateral requirements.There is an old saying that you can get a loan if you can prove you don't need it, in other words there just isn't any way the repayment would not be made, few will meet that test.As to LTV, it is generally 20% or 25% down, at that amount many lenders may want 30% down, that might be had with a combined loan to value meaning a seller could carry back 15% (20%), buyer has 10% down and finance 75% (70%).

And if I go ahead and replace some w2w carpet at the same time can I combine the two as one line item on the form 4562?

We're not talking about combining funds here, simply brokering a note.

I'd love to take over the business, I just can't live in that area as it is a bit too rural for my taste.Ok, enough back story...basically, I have thought a lot about finding a way to utilize this unique opportunity of having my father's business in the family and finding a way to combine the cost savings of purchasing goods through his business to keep my rehab/flipping costs down and then giving his business a percentage of the sales profits or something of that manner.Does anyone have any insight into how I would go about establishing something like this officially (would it be an LLC, just a simple loan or agreement, etc) or any other ideas of how to capitalize on this opportunity?

Combined income for us is over $200k.

My main goal is to find a house adn perhaps combine it with a business where I can work for myself.