Regarding repairs for example, if there are damages caused by the tenant, you should point those out to the inspector when he/she does the annual re-inspection.

We received plenty of leads...mostly tire kickers.

I then received a call from one of the tenants a few days after I sent the letter.

Taxes are about $1400 annually.

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

I was just wondering what you guys do when you receive calls like this.I have also gotten two more calls from people who have their houses listed, would I be able to do a lease option on those?

Apparently one of the kids received a silicon oven liner (as a gift) that you put on the lower rack(s) to catch drips etc. http://www.overstock.com/Home-Garden/Miu-Heavy-weight-Commercial-Non-stick-Oven-Liner/7900414/product.html Unfortunately she put it on the very bottom of the oven & we had a CO emergency.

We have standard purchase contracts and leases issued by the Texas Real Estate Commission ("TREC"), which are very simple to use and are updated annually.

As you can see, you have already received some substantial information from the BP family.

The VA has no title seasoning requirements in order to cash out using market value.This is a huge difference from conventional 1-4 lending because there are many restrictions for title seasoning (how long you have to wait after you acquire title to property).So how this could be utilized is if you were a veteran looking for a home and purchased a property for 70% of market value with cash (has to meet VA standards/owner occupied only) you can immediately cash out to 90% of market with proceeds going back to the borrower.Just a quick way that a vet who is also an investor can leverage their equity potentially in other investments to meet their goals and or financial freedom objectives.This would allow the veteran to obtain money around 4.5% (6.08% Annual mortgage constant) If you could reinvest at or above 6.08% annually then the vet could end up being able to live for free if the other investment cash flows sufficiently.