Unseasoned rate and term (no cash out) is much easier.

And, if the closing was in the middle of the month, the prorated rent for the partial month should appear on the HUD-1.

Its much easier to find a house for a buyer, then a buyer for a house.I hope this helps... good luck!

Trada's attorney for Texas is bailing on them, Marin, and other defendants.Looks like bankruptcy for Trada VI so that the limited partners will be on the hook for the amount of their investment.Also appears Boise office closing with their furniture being repo'ed.

In 90 - 120 days when you sell the property or can Refinance (it's easier to refi then to obtain a new loan) the homeowner will get their lump sum check for $12,000.OR....you could negotiate with the seller to receive that $12,000 over a five year period and you would just make the payment each month to them.

I know this is an ad click revenue site & you need thousands of users,but it is tedious to wade through the posts to get to the good ones..The signal to noise ratio is terrible.I just get so tired of seeing TV,hearing radio,books on this stuff.If it's isn't get rich quick at poker,it's flipping houses.The rich dad guy appears to be the biggest scam of all.From what i've heard,he appears to live in a universe where there are no bad deals,bad tenants or housing bubbles.Ask your RE agent how many deals have been backed out of & time wasted trying to do business with 1 of these seminar gurus.

If they don't sign, you have 2 options: keep them without, or kick them out.If you put the entire building on a year lease at the same, be aware that everybody is going to expire at the same time, and it's then possible for everybody to move out at the same time.If you put everyone on leases, make the leases different lengths so the ending dates are staggered, yet all still in late spring or summer when it is easier to replace tenants.

It appears that this company, just like many others are going to "feed" off the inexperience of new investors.

It's just easier that way.BTW - there is another option.

Schedule C doesn't really look set up well to deal with flips and it appears that I still can't get any credit for my own labor.