The easiest way to do that is to set up automatic payments from your bank account.Set up a repayment plan for your student loans too.

I keep an updated spreadsheet with all the properties information and other important information listed in there and she knows where that is if in case something were to happen.Of course, each relationship is unique and this is something you will have to discuss with your spouse and see what works best for both of you.

if you are going to claim the interest paid as a business expense, then he definitely has to claim, if your not claiming it then its up to him, but legally should claim (but how many dad's can think of $20k in small loans to a son while he was growing up, maybe its just repaying those

I think the new qualified mortgage rules want to see some proof that you will be able to repay the loan, so I would think that means if you qualify with your current income, there would need to be a reasonable chance that income will continue from the same line of work if not the same employer.

. :) Bill Gulley miss spelled Dodd Frank but written extensively about seller financing.The ATR the ability to repay found on the CFPB s site and using ROMLs with tenant buyers will help your search for info you need.

Talk about a let down.We can always sell it and probably make a good profit doing that, but I would rather keep it because it's producing such good income right now compared to the estimated debt service that we would be repaying if we could get a loan.My question is does anybody else have any other ideas for pulling our cash out and getting as much as possible so that we can move on to other projects?

Seller Financing has more risk for the seller, so think:How can I show good character and the ability to repay?

However we are talking about CA, a very unique place in the REI world. :-) So get opinions from trusted local real estate professionals that you know or come highly recommended by someone you know well, about whether or not renting this property is a good idea.

What are your closing fees, how long will it take to repay those with the increased cashflow?

The single family homes attract a unique renter and also have the ability to be sold for a higher value if home buyers for primary residences return in force.