They have a line item for "effective age".

He said something to the effect of he doesn't worry much about the contract cause the escrow holds alot more weight than the contract.

I just accepted an offer from someone on a loan like this, and I'm paying part of closing, so they will effectively be buying for less than 5% down.

I am currently trying to purchase a fully occupied investment property with the lease effective until 2015, 2 family dwelling.

Now the house will appraise for $75,000 and you go to the bank and get a mortgage for $55,000 and at closing you get the "cash " out in the form of a check to you at closing, in effect netting a $15,000 profit.

Hard to say what's best and most cost effective without knowing the configuration and size of the units.

Good to know about the retirement strategy, let's see if I can remember that when it takes effect...in 40 years!

Properly worded leases have no effect if the tenant has no interest in following them.

Because almost everyone starts off small, and then usually grows faster than they have time to create efficient/effective systems.

Thus, getting my REA license.ORObtaining my GC license eventually with knowledge and skills on estimating rehab costs and being a trusty and effective GC.This would also be my future employment prospects if investing would not suffice for my living wages.Being my first post, I hope I don't sound too naive.