This is basically between Jersey City and Newark.I have been researching and researching for about a year now but have just not been able to pull the trigger.

Until we know the whole picture and whether or not the OP is on title, a call to the lender could trigger unintended consequences.

Well, I like a lease and a ROFR.A ROFR may be triggered by an offer received by the owner from a third party; in such a case, the owner is obligated to first offer the property for sale to the holder of the ROFR at the same price and upon the same terms.Another scenario may occur if the owner makes the decision to sell the property but does not yet have a buyer; the ROFR may obligate him to offer the property first to the holder of the ROFR.The principal benefit to a ROFR is that it is not an executory contract, even when combined with a lease.

You could get it in your name then deed it to an LLC but then you trigger DOS.I think you need to talk to a portfolio lender.

I've found a few deals in Palm Bay area, that I thought would have been good flips, I just couldn't pull the trigger while being away.

I do not know if the comparable had the fireplaces removed or now.Should I pull the trigger?

The amount that you have traded down by, or $250,000, is taxable, and likely will trigger most if not all of your tax consequences.

Did you know you have to have a credit score over 720 to get an NMLS# at some major banks.Credit Unions and nationally chartered banks are exiting the mortgage business because of compliance issues.

Investors just don't run out copying notes and doing contracts without an attorney, every state is different.As I've mentioned before, the issue with financing books is compliance and differences state by state.

I called code compliance office and found out the the house is not condemned, but was called in for the trash and vagrants living there.