If the rental numbers work out, as you suggest they do, you might also get a little more from a buy-and-holder who's not counting on a quick profit - but you still won't get more than market price.Once you've figured out what your potential buyer might pay, then you can back into how much you can afford to pay with a little profit for yourself.

I'm primarily a buy and holder, and look forward to seeing what direction you end up going.

So would an example be like if there was an underground oil tank discovered after the special warrenty deed holder sells the property he's not liable?

This is what we have determined...The current amount owed to Chase on the property is 800K and strangely they are listed as a second lien to 1st Mariner which makes me certain that there is an error in the records because Chase believes they are first lien-holders.

Make sure the named insured is the title holder of the property.

If default be made in the payment of any of said installments or in the performance of any of the agreements contained herein, then, at the option of the holder of the same, the sum of the installments then remaining unpaid shall immediately become due and collectible without notice.

With the investor, you lay it out that the money is used to rehab the house, and that the investor has the 1st lien holder on the property.

One thing to ensure is that the borrower has insurance and assigns loss proceeds as a lien holder.

Hi,

Experience with hand delivering letters prospecting for motivated sellers?

Getting started, $500 for 1000 letters is more than I want to spend & potentially could end in no deal. & Walking would do me g...

If you chose the "net" price to the seller, then there is the possibility to make some extra profit by negotiating the lien holders down