You usually have a NON refundable deposit that you put down on the property as the Option consideration.

Promote yourself, your real estate ideologies and thoughtsFor those members and non-members with "outside" blogs/websites, a BiggerPockets blog can be of a benefit for you as well!

It sounds like you also got cash out with your refi...that may make a difference because you 1)are a non-owner occupant 2) may not have spent the money on home improvements.

Illegitimi non carborundum If you do not know what that means click here. http://en.wikipedia.org/wiki/Illegitimi_non_carborundum Be sure to notice what a beauty of a day we have outside, Booms and bust aside, this is paradise.Always remember, booms follow busts, not vice versa In closing, the words of a wise man.

Specializing in REO's and default properties in Indianapolis and Atlanta.I also have access to notes both performing and non-performing and bulk REO's.If anyone is interested in learning more, I welcome hearing from you.Lynne

You will always personally guarantee the LLC loans (unless you have a non-recourse loan which is rare on residential) but the 4 prop max doesn't apply because it still won't report to your personal credit report.

Get one please, preferably a smart commercial attorney)I hope this concept of Sugar Daddy helps you.In this climate of non-lending to real estate investors, one Sugar Daddy can free up an REI to offer low-ball offers ALL DAY.Last I heard, Standard Fannie/Freddie Guidelines limit the number of properties finance to 10.All the best, Brian

I have the same clause in the addendum stating that the contract is assignable and they signed and agreed and the approval from the bank did not address non-assignments.

Non Threat.

Illegitimi non carborundum If you do not know what that means click here. http://en.wikipedia.org/wiki/Illegitimi_non_carborundum