These things may seem miner to most investors, but they have HUGE effects on predicting what our finished flips will sell for and how long it will last on the market.That is why we absolutely do not rely on out of the box Comp generating packages.Unless someone experienced has been there looking at the property IN PERSON as an experienced flipper would, I simply do not trust the comp!

Let the talking heads drive down investments prices in RE and let the dumb money chase the silver miners, etc.And as was previously mentioned in this thread - the truth is that you will be most successful doing what you know.

Like oil, timber, some land, minerals, and other natural resources.

I have worked in the mineral exploration industry in Canada for the past 10 years.  

. = -$20,000Appraisal = -$400total in- $44,000 ($26,000 mine)Rent ASAP $800/mo (approx $2400 net for 6 months)In 6 months, Refi 70% of ARV = $49kQuestions:Am I crazy for taking the 12.75%?  

I like to keep mine really low and save for investing.

I use 600+ score and 3x income to rent and mine rent around $1,275 on average.  

The Contract consists of a ONE TO FOUR FAMILY RESTDENTTAL CONTRACT (RESALE) TAR 1601 / TREC 20-11, and a Third Party Financing Addendum for credit Approval -which is TAR 1901/TREC 40-5, and a ADDENDUM FOR RESERVATION OF OIL, GAS,AND OTHER MINERALS, and a Buyers Temporary Residential Lease TAR 1911/TREC 16-5, and a Plat Record.

I'm in Waxhaw near Mineral Springs.

The current issue is they have 30 acres with mineral rights attached for collateral which the bank that has the loan is wanting that poperty pretty badly.