Dear all, Just looking for some seasoned small business owners to throw out 'obvious' things for me to consider.

It is my first time to talk with the commercial lending department so I am not sure what the terms are.

My property burned down, no insurance, the fire department order fences, I can't afford the bill and the property is worth $4,000.

Build a buffer of time and repair cost accounting.Additional infoWHOLESALINGlistingbook.com or equivalent serviceupdates via email bank owned properties, price changes within range, new lists at/below $50,000 (not worth $50k)Send realtor offers with number/house address… they send to banks.. maybe 1/10 accept an offerRealtor gets a contract for youYou go check out the property to ensure nothing is crazyYou may be prompted to put down a deposit about $1,000 (don’t have to)Check that the title is clearPlace the house back on the market “handyman special”, cheap, cash, phone, email) at least $10,000 more than your offer.. eventually you may build a ‘buyer’s list’Get the new buyer to sign the contract with the realtorTAX DELINQUENT PROPERTIESLocal assessor - contact for people with delinquent property tax records —> excel listSort excel for names, addresses, amount of taxes, taxes that are 2 years old (and older)Contact the owner via letter ‘im oliver, I see that your property is behind on taxes…’“Dear Mr.

I had estimated gross rent at $4800, but actual rent is $4400.Large 3 bed (estimate $1400), actual $1400Small 3 bed (estimate $1300), actual $12002 bed (estimate $1200), actual $10001 bed (estimate $900) actual $800Original Post for 1st Quadplex Newport, DE Part 1 below:Jack Clough Investor/ Licensed Agent from Wilmington, Delawareposted about 1 month agoLast November, a partner and I purchased a quadplex in Newport, DE for 40k after negotiating directly with the owner who was way in over his head trying to rehab by himself (much more to that story...).This was a complete gut job of 4500 sf.

Also your local building department might have something to say about the matter.

In Boise, our City building and planning departments are pretty great to work with.  

I have no skills currently in the home renovation department, interior design, etc.

Dear BiggerPockets Friends:My first flip is a 4/2, 2900 soft single family home.

If you haven't already, speak to the local planning and building department to find out what you can build on the land, what the process is for permits, and what is needed from you to submit for permits.