You can rinse and repeat this as long as you are buying deals at a discount that will allow you to refinance enough to payoff your HELOC draw and leave enough equity in there to meet the bank's conditions.

@David De Luna First thing is to figure out who's going to draw up the loan docs.

The tenant buyer would pay you the 3% fee.To get the homeowner to understand what’s in it for them, draw three columns down in the middle of a piece of paper, left write down the "costs to sell" with an agent, and the middle write down costs for the property manager, and on the right, write down lease to ownWhat the homeowner understands is that they net more money with lease to own and it doesn’t cost them anything for you to market for the tenant buyer; Sellers I find generally sign-up if they are motivated.I have a second strategy is more of a lease purchase arrangement (sandwich) where you have a long-term lease with the seller, like 5 to 7 years, let’s say rent of $900 a month for seven years, but you would guarantee the rent to the seller, and you would have an option to buy the property let’s say $95,000.Then you would market for the tenant buyer and get more market rent than $900 a month, say $1100 a month, and give the tenant buyer a price of $105,000 to buy in the first year, then increase rent by 3% and increase option price by 3% in year 2.These are the spreads of a sandwich lease-optionYou also have the spread of the option fee that you pay the seller and that the tenant buyer paid you,  Your fee to seller can be $10 and fee from Tber is 3% or $3000.The thing about sandwiches is there not legal in all states (Texas and others), and you have to be careful about guaranteeing rent to the seller if tenant buyer doesn’t pay you.

I have been to Winter Garden a number of times because my niece is a singer and she draws a crowd at one of the venues...I love Winter Garden...I drove all around and didn't see anything undesirable but then again, I am from Manhattan so.........🤪 it was

The MTA cannot handle 50k more riders and our lungs cannot handle anoymore pollution.

I've used Homestyler in the past to draw up floor plans and then use a separate estimating software to estimate the costs.I haven't seen any other floor planners or design apps that include both design and estimation.

I recall the definition of "doing business as" used to include explicitly "a member or partner resident in California".Now when I look at this page, I don't see the residency part. https://www.ftb.ca.gov/file/bu...Does this definition allow us to draw passive income from Out of state LLCs (setup to own rentals)?

I used that extra money, not put in the TSP, to put towards buying and paying for my retirement home in a non income tax state (TN).I am now using the money from selling my primary home during my working days to buy rentals/fix up houses.I have also since taken everything out of the TSP and invested it elsewhere as I do not like the draw down options TSP has. 

Purchase price: $152,000 Cash invested: $50,000 This was a 3 unit that we turned into a 4 unit that is in one of the nicest parts of town and draws really nice rents.

Tip for those of you using lenders that use third party inspectors: create a relationship with that inspector, send him exactly what you're looking for in your draw, and we will make it a priority to help you out.