It enables me to get better deals and close quicker because I am a cash buyer.

In some cases, liability can be restricted to the actual property, which enables you to safeguard other assets.

It seems that most of your first 6 posts have all been some kind of business proposal or advertisement for your services.While we welcome people to do business on the site, we also ask that new members refrain from doing so until they have reached a minimum of 10 posts where they have contributed to the overall conversation (help others out, etc.).That said, if you are legitimately interested in doing business with the members of this forum, please review our forum rules and participate.NOTE - Several of your posts have been altered or removed to comply with our rules, and your signature has been removed as well.

There is no one book, or one source, other than an experienced professional, that can begin to provide enough localized information to enable you to make informed decisions.Expecting that all "Real Estate Professionals" should be able to properly advise you regarding investment property is like expecting all Doctors to be able to perform heart surgery, or all accountants to know the intricacies of the tax code.

the owner just had a stroke and has other properities. this one is the only fixer-upper, he basically just wants out. i,m taking an equity loan on my house for $40000 for down payment, closing, and a small credit line(about $12000). my main concern is the labor charges of contractors in my area. the on-hand cash would enable me to get local handymen and cheap laborers to cut into alot of the cost of teardown and disposial. also a friend workes for a local home builder and is willing to do alot of the drywall work and floors on the side.

I'm wondering how much that may be taking away from legitimizing those repair estimates to the banks.

I'm just curious what's out there, and researching the different strategies has been great fun.As I mentioned earlier in this thread, I'll spend the money on a program if it's legitimate.

You have begin absorbing data in such a fashion that will enable you to discern whether or not a property is a great value.

The Montelongo guy in texas is another one that gives legitimate rehabbers a bad name.

Of course there are a few people with legitimate problems that will be able to close, but they are few and far between.Good Luck,Mike