The insurance policy must also list the seller as a payee, just like a bank loan.

- you make 50% of the net profit - that is net less advertising or expensive - so if the expenses are $1,000 you would make $9,500.00 and I would make the same.The expenses are usually the cost of advertising the property for sale.So............... it you are ready to begin creating leads - this is what I suggest you do ---Farm neighborhoods to look for FSBO's, send me as many expired listings as you can in the neighborhoods where we are going to invest, Go to housing court 2-3 times a week to listen to the cases and meet landlords after their case is called, run some ads in the local papers (I will design the ad for you), get me a list of all the local auctioneers in the community, put flyers on super market bulletin boards, ask 5 people a day if they know of anyone interested in selling their real estate.Look for commercial and business real estate for sale - get me all that information and we'll make a call to get information and make them an offer (you present the offer for us)Later in the "Mentor - Apprentice relationship we will advertise on radio.Any questions?

I've looked through what appeared to be good deals on the MLS only to find crumbling wet 100 yo concrete made from what appeared to sandstone or gypsum or some such garbage lining what would be listed as an unfinished basement.

It's listed as a 2/2 on .18 of an acre or 7900sqft and they comp in the area for around 250k.

I saw this in a listing and did not understand what it meant.Does anyone know?

I love the concept and am looking to purchase a home to list on Airbnb but I want to know the rules Houston has before I jump in.

The property is not listed for sale right now but I'd like to approach him with a fair offer that positions me well to capitalize on the value added through additional  units.

I don't have any experience with them.however since they are CA based and did not post a CA BRE license number or CFL or NMLS I suspect they do not lend on 1 to 4 units as those require those above licenses if your in CA.Also I am always a little curious about those that say they lend from 20k to 20 million LOL.. no one can make a dime on a 20k loan... so thats curious.Lastly and this is just a personal pet peeve I just don't care for companies that don't list their principals and a small bio on their web page so you can look into the owners on google and make sure they are upstanding citizens.. again maybe its a marketing thing and maybe I am all wet but thats my preference I want to see who the principals are... they should be proud to put themselves up there ( again my pet peeve LOL)Just don't sent any up front money..

Just make sure they specialize in tax and have significant experience dealing with real estate investors.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/7044...Also check out the www.NAEA.org page in your search.

I subscribe to about 15 wholesaler mailing lists, so I get pa steady flow of properties to comp.