If those conditions aren't met, you'd have to file an unlawful detainer action assuming the occupant doesn't have any claim as an owner or tenant.

Here are some specifics:Purchase price: $955KSeller Finance offer: 20% ($190K)Reno cost: $90K Ideally we would like to do a Morby Method where we purchase the home via conventional mortgage or hard money lender and on the back end have the seller lend us the $190K with a second position lien on the property and a 5-year payback.

With asset based or DSCR (debt service coverage ratio) loans or rental specific loans, lenders calculate the income by the PITI (principal, interest, taxes and insurance) to qualify for the mortgage loan.

Originally posted by @Bryan Otteson:Hi @Ryan Keenan.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Our phones ring off the hook with investors lowballing us, reading off of scripts, and those that think we're stupid by trying to slide a sub-to or assignable contract by us.

Actual Questions I’ve Been Asked by Borrowers/Brokers1.

However, he has been turned by multiple lenders who are telling him that although the VA allows for circumstances such as these, most banks will not approve these kinds of loans.

Ensure the notice includes the date by which they must vacate the property.

Many of us get frustrated self managing and seek a property manager for various reasons.For me, it was a combination of problem tenants for one of my properties, then a few months later I moved across the country and came to the conclusion that hiring a full time PM would be my best course of action to maximize efficiency on my properties.