You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!

Hands-on investors do typically generate more income per month because, in addition to the cash flow, they EARN money doing the management and maintenance (in other words, they have a job).

These would be offered to tenants first, but if tenats do not want I would try to rent to outsiders.Are you familiar with additional liability or issues that develop from renting garages?

A basic blog from Wordpress.com is a great starting point, and you can mix and match different templates to customize the look you like.It's super-simple, user-friendly, and search engines love it.If you grab a domain, a lot of hosting companies have "fantastico" set up in the user panel so you can add it to your site seamlessly. :)If you need any help, PM me - and FYI, I'll be going away tomorrow until June 6th.

I'm looking at a REO home in Sacramento with a detached garage that has been converted to an additional living area.

Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

Now, in addition to the IRA quarterly maintenance and filing fees we keep getting emails stating that we need to pay a yearly fee for them to be our transaction reviewer.

It creates a double benefit for you, and doesn’t cost you any additional money.

I own an additional property in MD.

In addition, I am using a hard money loan in which I will be paying the monthly interest with my line of credit from my bank.