I turned “Find My iPhone” on so I know it knows where I’m at all times.Ideally, the app would automatically record my position and let me download and annotate periodically.

No mortgages allowed.If this bill becomes law it would seem it would have a positive impact on the real estate market, and for some of you here.Here's a link to an article:http://economictimes.indiatimes.com/news/nri/visa-and-immigration/us-homeowner-visa-invest-500000-in-property-and-stay-in-america/articleshow/10443154.cmsAny thoughts on this?

If you really like the place, it could give you a nice equity position later on, but its not going to make you wealthy.Strictly as an investment, it appears to be more trouble than its worth.

Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??

Ryan -- if the bank gives you credit for the net cash flow of the property (NOI minus P&I), which I assume is positive, then your DTI ratio should improve.

With 1st position lien, with an insurance policy at full replacement value (usually 1.6-1.8% of loan amount), and by a signed executable quit claim deed should the borrower fall 30 days behind payment.

I own a primary and 3 positive cash flowing rentals.

Will your first position lender agree to having a second at closing?

I would simply deduct the cost of the repair from what my offer would be if there was no need for repair (provided a positive and sound repair is possible - again, anything is possible with enough money).

If it weren't for the other positives with the LLC I would be tempted to take the $300 per year just for the LLC state fee and buy some fantastic umbrella insurance.