Total cost (purchase + repairs) is 49,000, that is approx 64% of ARV, less than the recommended max of 70%.

So now you have a total of 3.5 hours at $65 (cost to the PM owner) plus $12 for the special light bulb.

I would do this every 12-15 months if my spouse wasn’t totally opposed to moving frequently.

If you're refinancing to a business purpose loan that's totally fine, but chances are good you'll need a lease in place for the unit you were occupying so the lender feels confident that it's strictly going to be used as an investment property.

Unless those items are all satisfied (except for housing violations and some non-monetary liens which follow the property), the department of finance will not allow the deed to pass through to the next stop in the recording process.So even if you wanted to dump a property that was totally upside down with liens to someone who was willing to take it from you, you can't do it.

Purchase price: $15,000 Cash invested: $15,000 Sale price: $5,000Motivated Seller- 3 Lots total: (1) Commercial Building, (2) 1 Bed room Rental houses, plus an extra lot.What made you interested in investing in this type of deal?

I have seen quite a bit of activity over the past handful of years.

The trustee, borrower or bank can ensure you get your hand slapped hard for approaching the circumstance as a work-out or foreclosure fix it guy without a license or being an attorney.Let's say that we can approach the owner and be in compliance, which you can.You will not purchase a note as an individual investor from a bank that has started foreclosure by making an offer like that.You get a request from the borrower for the bank to sell the note in lieu of payoff as demanded.

As a self operator the total investment into this project was $420k.

What's more important to you, cash in hand now or less of a payment over time?