I would assume the responsibility of the mortgage payment, but on paper they would still be the sole individual on the Mortgage.

On the other hand I will see good numbers on paper on some properties but then come to realize there is thousands of dollars of deferred maintenance that likely will become issues within the first few years.

Hi everyone, i am looking for my first investment, i can say that i have now a lot of theoretical knowledge but i need to take action now. this is what i am doing : analyzing deals in the US. i am surprised to see some nice multifamily ads on loopnet with good caprate ( around 11%) for small residential buildings ( around 10 units), with all units that were renovated with private boilers, meters.... and when i do my maths, on the paper everything looks great with ROI AT MORE THAT 15% using conservative 50% rule.Then obviously the current owner is taking his profit because he did exactly what needs to be done to increase value (i guess he reads biggerpockets forums).

Would be a lot better terms than selling paper at the typical big discount to private note buyers...Could also be a very scalable business (just ask Movement Mortgage...) and higher margin than just brokering mortgages.Thoughts? 

Would be a lot better terms than selling paper at the typical big discount to private note buyers...Could also be a very scalable business (just ask Movement Mortgage...) and higher margin than just brokering mortgages.Thoughts?

I just signed the papers on a mortgage refinance and in the prepaid column it has 3 months of taxes and in closing costs it has 2 months taxes which will go into My escrow account.

My thought would be if you haven't put ink to paper yet then see if you can find a duplex, triplex or fourplex out here if you are insistent on buying out here.  

And some inspectors have a God complex and will not approve things for the dumbest reasons.So a job that would take me 2 hours turns into filling out paper work, applying for the permit, paying a licensed person to do the work, getting it inspected and hopefully approved.

What seems like a good deal on paper may be a disaster in reality and that is where experience comes in to help filter out the good deals from the bad ones.

I could be wrong, but thats what I understood by QE and pumping more paper money into the economy!