Therefore you will need to use transaction funding which purpose is to provide you with funds to close on the front end.

So when I talk to my clients I tell them financing will depend on where the property is for loan purposes and it's a case by case basis.

This factor of them can also lead to abuse by confusing the real purpose of permits, which should be to ensure safety.

Practical speaking, you might as well find a broker who is, but it really won’t matter as long as you can establish the business purpose.

Hello everyone,The purpose for this topic is because I am currently looking at getting myself involved with a local REI team (Inland Empire) and am curious as to what I should expect; or perhaps a checklist of things to look for and things to avoid.

As investors, would you consider purchasing a home that was rented for such a purpose as a buy/hold?

Listed for 180k currently, I haven't asked specifically on a price but am estimating around 150k for planning purposes.

So let's say for illustration purposes that your mother is an owner of 1/3 of this property; in that case, you might have to pay transfer taxes on 2/3 of the imputed value.

Do this 4 -5 times and you have $2000 - $2500 and more education to market and start putting deals under contract for bigger profits.Hope this helps.PS I purposely said "investor who you have a relationship with" several times on purpose.

The purpose of the exercise is to gain a good understanding of: - price per unit - cap rates - being familiar running numbers so you can do it very quickly - identify any terms you're unaware of - see which amenities are being offered in your market - see the types of deals being offered There's plenty more to do (especially if you end up doing deal syndication but it doesn't sound like that's a focus of yours) but that would be my next step if I were you.