Bought on Contract For Deed and only recorded the notice.2.

@Andrew Nguyen, the contract you signed allowed them to do that?

But then again, me personally, that too is useless, because the best way to find cash buyers is getting good contracts signed so you don;t need to pay for a software to find them.

3) If their handyman can't handle a repair issue and they have to hire outside contractors, many PMC's will then charge a markup for their time - but they don't tell you this upfront or disclose in their management contract.

What is in the four corners of your contract means everything.

For investors, this makes this winter a great time to acquire your next deal.To be clear, any correction, in my opinion, will not be related to an economic slowdown, but rather the opposite.

If you believe you will be financially ready to build a year from now, perhaps you enter into a lengthier contract where you can obtain all of your building approvals and then settle at a later date.

This is why the big corp builders or regionals control so much of the larger developmentsthe deals i funded are 34 lots 160 lots and 80 lots respectively and each of them have contracts on them by Toll and Lennar and one regional but they only close when we have permits in hand. 

That process has direct lender involvement.Where the challenge lies, is when unsophisticated "investors" with no experience, no money and no reserves use creative financing (often called wrap, subto, lease option, seller financing, land contract) to purchase properties and along the way there is a "hiccup".

I also asked him to look over the paperwork Chris gave me to see if I was getting a fair contract.