Make sure you understand the auction process and are prepared for any unseen issues with the property.Auction Considerations: With auctions, pay close attention to the condition of the property, title issues, and financing restrictions.

Yes. the original lender probably will not but a new lender may- there first question is gonna be what is your exit strategy so be prepared to answer that question.

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

That doesn't pass a cursory BS test, and risks the appraiser calling out either fixed plumbing + permits, or a licensed professional remove the bathroom.

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).

Focus on saving and researching financing while networking with real estate professionals to prepare for your first investment.Dont forget to add tax savings to your ROI for better decision making.This post does not create a CPA-Client relationship.

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

This didn't pass the smell test???

Dont chase yield and don’t try brrs until have owned a few with tested contacts for labor. 

I'm feeling that I am being milked and preparing to get my attorney involved if we don't settle this soon.