I'll find out more about it, but my concern at the moment is what to do about profit-sharing if I want to have the money I bring to the table treated as a hard money loan, but not pay him as a GC since he'd be bringing his people to do the work (because the workers are paid officially and have workers comp and social security, etc., and that is run through the company.

Before I do so, I must state that all views expressed herein are solely those of my own and do not constitute official statements or positions of my employer.To begin, I must define that AVM is an abbreviation of Automated Valuation Model.

Raja,thats your first post here so welcome to our BP world, I don't want to tell you here about your investments but will give you a warning: "Don't write in an official forum how many funds you have to invest".Some other lurker is glad for this information.

I don't know DORA's official position, but I doubt having one spouse does the frowned upon creative strategies and then the other spouse do the transactions as an agent would be acceptable in their eyes.

@Logan Larochelle,  Wink wink nudge nudge is not an officially accepted IRS mitigating circumstance!

No investment properties or summer homes may be purchased with a VA loan.I haven't personally helped a client this product yet, but it would be worth talking to a lender about if you would qualify to purchase the property upfront as your primary residence:A VA borrower is permitted to apply for an Interest Rate Reduction Refinancing Loan or IRRRL, which does not have the same occupancy requirements than a new purchase VA home loan.According to the VA’s official site, “The occupancy requirement for an IRRRL is different from other VA loans.

Thanks to yellow letters & Michael, i put together a 6 month campaign starting with yellow post cards (besides affidavit of death), and officially they have been sent out today!!!

So without those first 5 reasons, any investor in their right mind would ask for W9, ask for ACORD paper with them as additionally insurer AND verify it, will have the roofing company pull the permit, will not pay cash, will get an authorization from the company for them to sign the contract if they are not listed on the CSLB site (and even if they do, they need to certify that they can sign contracts), get an official invoice with company letterhead before paying it.

After a 30 day escrow that took 60 days, finally closed on my first 4 unit property!Very exciting to inherent tenants, and I am sure its going to be a great learning experience.  I listed my SFR in June, and had 3 buy...

Bought: $157k (29% down - long story)Originally: 3 bedroom, 2 bathroom, with an office space (I'm going to frame in a closet in the office, to make it an official 4th bedroom)Rehab: Estimated Costs $10k - $15kCurrent rehab Costs: $11k - $12kHoping to rent in between $1750 - $2400The Housing Choice Voucher Payment standards for the area are $2353 for 3 -bedroom to $2,902 for a 4-bedroom.