A 10 property portfolio owned free and clear will be a very powerful income generator.ONe more thing - I checked out your website.

This will take some work, but it's something I can get started on NOW, before I begin school in January, where there is no limit to the income I can bring in if I work hard enough, and that with a few hours invested each week, I can work while I am in school.

I am guessing it stems from some internal lack of confidence and desire to demonstrate power.

The fact they put this process in place, and with a pretty short fuse of six months tells me the "powers that be" want this area to be single family.

Many lenders will limit you to 4 financed properties, but some will go to 10.

So with limited time paying off debt may not matter as much as ensuring an ongoing income.

When the IRS tax code was changed in 1986, limiting the losses to essentially $25,000 per year, there was a drastic effect on resort property.

disclosure disclosure disclosure.my brokerage limits the number of my own 100% commission deals.I think if you have a partner one should have license, and the other not (to do off the market deals easier)that's my 2 cents

There is no time limit whatsoever on granting any equitable interest, the minute it is granted, it's done, it's been granted and the minute thereafter, the due on sale becomes an issue, at the option of the lender.Any option granted violates the DOS, it being held in escrow or a desk drawer makes no difference.

He only does this if he can buy properties in your name so he needs power of attorney to purchase the property.