I guess we just live in a world of double-standards.

(4) does this insurance package look standard in terms of features?

Do the transaction improperly and the borrower ends up in foreclosure, and files a complaint, and you're in big time hot water.

I have the tenants fill out a standard paper application first.

For those of you who are both Realtors and Investors, when you're negotiating with a home owner, do you use your standard Realtors contract, or do you use a different one?

Hi all,currently working on a deal with a house that has an issue with the main water pipe going into the house from the street.

To have a valid contract you need to know the requirements.If you are buying an option you must pay consideration for the option to be valid.For a purchase and sale contract that shows there is earnest money as part of the contract not paying will break the contract.Not every deal will require cash but you do need to know what you are doing when using standard forms or custom contracts.You do not want the end buyer being able to go around you because you do not have an enforceable contract.John Corey

Bottom line is there is a balance between the standard of the place you offer and what the community can afford to pay.

Originally posted by "REI":Standard formula says:((ARV * 70%) - (all buying costs + all holding costs + all selling costs + all repair costs + contingency)) is the maximum you can pay and consistently make a profit.

*Nice landscaping--property does not fall under water ban restrictions so has plenty of green grass.My goal is to refinance or sell in two years.What do you think?