But if the entity is a limited liability entity, then a negative net worth for the business will not flow through to your personal balance sheet except under specific circumstances such as personal guarantees, stock that is not fully paid-up, etc.

You will have a better chance if you have some proof of funding already in place when you place your offer.But there are no guarantees unless you are willing to outbid all other buyers.

My friend says that the rent is guaranteed for the first Three years from purchase.

If your option fee is 10%, you give 50% of the rent as a credit, and the tenant has to do all repairs, then you're almost guaranteed to have created an equitable interest.

Distressed borrowers typically have distressed housing conditions - so you'll be expecting repairs without a guaranteed entry to inspect prior to purchase.Buying REO properties will allow for clear title, and inspections to determine needed repairs; title is almost always insured.Due diligence varies with each of those, as you can tell from that somewhat brief explanation.And Mark speaks from experience regarding the IRS liens :oops:

Instant Guaranteed Approval.

The loan officer considered me a strong borrower, loosly speaking I'm sure, as I have rentals, notes, and guaranteed income.

The guy you say is not a criminal, but I can guarantee you there is a history of his behavior.

Rentista Residency in Costa Rica • Requires proof of US$2500 per month income for at least five years, guaranteed by a banking institution, OR a US$150,000 deposit in an approved Costa Rican bank.

My unique selling position was that I said I would give them an ALL-CASH OFFER within 24 hours of speaking with them, guaranteed.