But, since we verbally verify POF letters, we haven't had any sellers not accept a contract or turn down a deal because of it.

You will want to check to verify occupancy requirements for VA loans to make sure your 2 year plan will not violate any terms of the loan.

I already have a LLC that i used to flip properties that was incorporated in Delaware.Now I want to buy and hold some nice sized rental units for the cash flow like i said i live in California but I'll buy anywhere i can find the right size and prices.Once I get these properties and have proper management in place I will also be leaving the country quite often to go work on some other things in Asia.My question is how can i set this up to have all the income going into a new corp or whatever that allows me the least amount of taxes while I'm in America and over seas without getting double taxed in America then probably taxed over seas.I understand that the advice given will be needed to be verified by and attorney or something but I just need somewhere to get started and I'm sure someone in here can help me with that.Owen

Hi,The first thing you need to do is make sure that you are working with a firm that can point to closed transactions that they have been apart of.To do that you will probably need to sign a NCND before they will give you any specifics.So...trust but verify.

If you buy at $540, you take away $50K of your potential profit.I've heard, though not verified, that in Denver we have over 10 years inventory over a million bucks.

i have no way to verify this information but here it is because it supposedly has been researched. if you took the trump families fortune in 1964 (earned by fred trump in middle income apartment bldgs in Queens and Brooklyn NY) and invested it in the average REIT, the family worth would be greater than the Donalds!

BPO = broker price opinionBPO's are done before a property is listed and help the seller (the bank) decide what the property should be listed at..Most sellers get two BPO's done or with every BPO they get an automated appraisal or a real appraisal just to verify the agent is too far off base with the price.Typically agents will not disclose what there BPO is and you probably will not sway their value.

Would they have to go to a notary to sign to verify it was the right person and it was signed before my "acceptance until" part of the contract?

So either they gave you false identity, or you used phone numbers that they provided and you spoke to friends pretending to be the landlord and boss.On the credit report, it will give you the addresses where they have lived and you must cross check these with the addresses the applicant gives you.

Transactions must be arms length – no inappropriate collusion and no identity of interest between the buyer and seller or other parties.