I find his titles to be the most accurate in the business although I do agree he overstates his case in some instances.

Any Websites, Newspapers, Magazines, Govt entities, Publications, etc.... that are considered reliable?

For instance, a home with an ARV of $100k or less, you need to be at the 65% minus repairs, a home with an exit such as yours of $475k can be as high as 77% IF it is an easy and quick flip, guideline should be set no more than 75%.For homes with longer rehab times and higher ARV's like $750k and up, you need to get the rule back down to the 65% mark again.Point being, the rule needs to adjust according to each property type, time factor, difficulty factor, etc.At 81% of ARV + you added in rpeairs on top of that (if that costs was $25k) then your "all0in cost to exit price was 86.5%Your $42k profit based on an estimated $411k cash investment gives you a cash on cash return of 10.2% (that is only half of the minimum I shoot for).

With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.

*4) How likely are the banks to counter in such instances?

Every now and then, I'll receive a legitimate check in the mail with a warning that by endorsing it, I'll be agreeing to sign up for an insurance policy, a magazine subscription, or whatever else.Anyone know about the legality of these checks or how I can begin writing them against my own business accounts?

for instance, if the Shawnee house was on a great street in Louisville it would be worth as much as 250K.

Don,Will,and John are right on.What a typical Guru will do is throw the meat out there and get the potential investor in a frenzy and then they will buy a course to only get mostly fluff.I can tell you being a commercial broker and investor is hard work.I was breaking down trash the other day from a tenant that left so that bulk would pick it up from one of my units.I don't look at the work but where it will get me too and the experience and learning.Once you accept that you will work smart but also very hard you will get ahead.If you keep believing in silver bullets to instant riches then you will spend years trying every BS infomercial and magazine gig out there.What gets me is people with an investing dream getting the little money they have sucked away by a GURU that thinks they are just a number and revenue builder making them richer and richer.

If for instance, your parents sold a property to a third party, who then sold it to you after ten years, then that would be fine.

For instance, one guy last night did a short sales for a smooth 170k profit (ARV was around 400k)- you'd actually be very hard pressed to make a profit like that any where else in the nation.But I digress, I'm still interested in more marketing ideas/ways of getting people to call you so I can ALWAYS BE CLOSING!