I met with a FSBO today who bought a property for 90 k a year ago that needs 80 k in rehab, but most of the comps are at 150k. Owner can’t afford the full rehab. A business partner recommended splitting rehab costs wi...

My understanding that when a second is crammed down, as opposed to stripped, the value of the note is “crammed down” to reflect the existing equity.....the holder has to take a reduced balance, and that is all that’s owed....once that is paid you are done.

All this can be done starting tomorrow using paid advertising and attending live events such as local real estate investing meetings.

I live in a 275k property in Charlotte, NC that is in my name and completely paid off.

Or if they are, your purchase & sale agreement should stipulate that any outstanding liens, taxes, fines or fees will be paid in full by the seller at closing.Be sure you're working with a full-time Realtor and you should be OK.Let me know if you have other questions.

So I tend to be really conservative and don't purchase another property until the last one I bought is paid off. 

Also any recommendations on what software, like small business (paid) TurboTax.

We paid an annual subscription that was the  same as any other subscriber. 

That's why I use paid listings, they are way better and you can speak with agents.

Once the remaining balance is paid off, they will own the property free and clear.