As soon as the CC Report to the bureaus you will gain a new Tradeline on your credit report as well as all they history from your family member.If the Account was open 10 years ago you will gain 10 year of on-time payment history to your credit score.

If you sign it before closing, you would gain new rights in the property at closing which you would still have to Quit claim out.3) Since you are asking I presume you do not have a comfort level to create your own contracts.

Many people call it passive investing.

If you are looking to resell the units in a short amount of time then consider SFR because the resale is easier, the gains can be higher and the interim rent is higher as well.Tim Czarkowski makes a good point about financing.

egregiously unprecedented, and without question a "passive", indirect method of redlining to reduce overall obligation.far as I'm concerned, this is a favor to everyone.

I have some long computes so I pop in a business related audio book or Pat Flynn - Smart Passive Income.Thanks for your list of podcasts - I'll check them out.

I've done a lot of deals and we're confident that I will be able to pay him back, but we don't know how he can legally invest this money with me in my flips without losing the tax deferred gains that he has in there.

If you want to gain more knowledge about specifically investing in foreclosures, pick up some papers written on current foreclosure situaitons, perhaps even state specific to your desire.

The liability that comes along with not pulling permits severely outweighs the minor cost/time savings that you would gain.

The passive income from your properties is taxed at a lower rate.