Also the lenders often cut agents fees,in short sales and if they're going to whittle it better to have 6% whittled then 3%.As for not presenting an offer, yes some agents are self appointed guardians but you don't know that for sure and what the asset manager has indicated to him regarding offers.Plus as you know some lenders often ignore offers period,.even when it's presented, its a leave it on the desk I'll look at it later thing and let you know, which is never.

It was a matter which could not be decided by the court because they had no authority to evict the homeowner.

Question is, will a bank lend to my zero asset entity based on the facts of a real estate deal alone?

You can call the city or whoever the authority for the area is and ask about permits.

Example: You own an asset that is worth $100,000 and you currently owe $50,000.

Originally posted by Account Closed You should have come to the last East Bay Sunday meetup, it was all about OOS, but the presenter shared that cool litmus test above (where you invest passes with flying colors btw) that kind of guts the standard "turnkey provider" model.Another market not far off, Stockton, same test as above - steady income (rent increases will likely at least track with inflation, if you zoom out to the 10 yr horizon), gradually increasing population (a driver of asset/home appreciation, 10 yr horizon), 2-4 unit properties still affordable.Do it for Oakland and obviously you will see incomes through the roof, population gradually increasing, but sticking point will be the prices present a barrier to entry that not everyone will be able to handle. 

@Luis C Ceniceros LTV is relative...based on your equity position, strength of the asset, the economy, and your personal financial makeup...DTI- credit score.

Also look into:- Bookkeeper (hire someone) so you can concentrate on building your assets and equity- CPA advisor (not just tax prep) and at least meet with them every three months with your financials- Real Estate Attorney - may sure they are in sync with your CPA Advisor- Tax Preparer - could be an EA or CPA.

.- Make sure you get all LLC documents (Articles of Org and Operating Agmt), and that the signatory on all loan docs (Note, DOT, Disclosures) matches the authorized signatory of the LLC perfectly.Good luck!

Laundry leased assets in closet nets 220/yr.Individually metered electric (heaters), no HVAC (standard for that area and age unit), but building utilities run 5k/yr - probably business utilities not being paid - unsure.