There are a couple of things that come to mind when reading this post. Investing in the US is intriguing to most, and people would like to do it but don`t. I always like taking advice from people that have done what I want to do. It is unwise to take advice from people that can not articulate...

If you need it ASAP send it to your mortgage broker

Why not turn it into a 3 year Rent To Own? You can pass on all the maintenance to the tenants and not have to worry about the midnight calls anymore. I would look to get a deposit of a min 3% of todays FMV and work from there. Make it a Win Win.

QUOTE (ThomasBeyer @ Jun 5 2010, 12:59 AM) Don`t expect others (with money) to fund your dream ! Use your enthusiasm and experience to help them in their dream of making money passively by investing with you .. Thomas that is a great line and a great mindset. When you help people achieve...

QUOTE (ThomasBeyer @ Jun 3 2010, 12:00 PM) no options at low cost except selling it ! You could always look at private money for 2nd mortgages but it wouldn`t be cheap!

Congrats on finding a plan that works for you and one that you can use everyday! Isn`t cash flow great

Work backwards. Figure out how much you want/need to earn every month. How much cash flow from each property? How many properties that will require? How much capital needed to buy the properties and how many years it will take you to reach your goals. You will need to learn how to raise...

QUOTE (Mvarga @ May 21 2010, 10:57 AM) ALso from what I am gathering from what Gary said, some RTO companies will just provide you a deal and then you are responsible for everything and some will provide you the tenant and will also take care of monitoring the deal and will provide you with a...

As John said "you have a great year ahead of you" I will also reccommend Mark`s book. Here is the link to it. Rent To Own Book Many have made RTO the core of their business and have been successful at it. There are companies that provide the deal and there are companies that provide the...

I`m another satisfied Netfirms user.

I would look at an Agreement For Sale as Thomas mentioned. Title and current mortgage stays in your name until she cashes you out sometime in the future. You then could offer your own financing to her and still make a spread on what your underlying payments are. "Granted she is family!" She...

Good comments by Brett, at the end of the day. Why does the seller want to sell? Can you make it work for you? As Brett said find out what the seller already has in mind. Then you can start to create a deal where both of you are happy.

QUOTE (fhabib @ May 12 2010, 10:06 AM) It will be great if we got some more feedback from the folks who attended, I am assuming the majority went to the first RLG course as well. Was it good, better or worse thatn teh first course in terms of value. Curious to know if some of the results of the...

QUOTE (ThomasBeyer @ May 12 2010, 04:26 PM) In a 3 way sharing you may wish to consider an LP too as it allows for flow through of losses to investors to the tune of 100% even if the gain or cash-flow s split 50/25/25 ! See REIN posts here on What is an LP...

QUOTE (investmart @ May 9 2010, 05:53 PM) Hi Gary, Please note with one partner option A and B are the really the same. the question is specifically about 3 partners in total - how do you divide the profit then? not sure if you own some of your properties with more than one partner(?) if you...

Your going to get answers like; Whatever you can negotiate between you and your partners. Who does what and what is fair? To date we have JV Partners on 14 of our properties and they are all 50/50. or as you described in option A

We keep hearing about the new layout for the forum. When is the release of the new site scheduled? What new features are being added?

I recommend reading Mark Loeffler`s book. It explains all your questions. http://www.theversatileinvestor.com/book-r...ent-to-own.html

QUOTE (ChrisDavies @ Apr 30 2010, 11:08 AM) And be ready for the eventuality that as many as 75% of your tenants won't close, which is fine. Be ready to move on, find a new tenant and adjust your strategy. 75% is not something that we can live with. That is why we employ a credit specialist...

Great Answers Andy, At the end of the day you make the numbers work so it is a win win. On the monthly credits we have used 10% in some cases because the clients could not afford a higher monthly payment but they provided a higher down payment. If you are happy with numbers and the clients are...