One of my clients recently purchased a 4/2 single family house that was positive cash flowing, hit the 1% rule, and was able to execute a full cash out refinance so it was a clean BRRRR!

Spoke to our lawyer, posted the necessary documents to confirm it was abandoned property and went on to have it cleaned and a Section 8 tenant moved in.My question is, I hear everyone talk about cash for keys, cash for keys, cash for keys.

Account ClosedI received the Engineering Report, ultimately once it cleaned out will be able to better see what i'm working with as it relates to the flooring.

When we pointed it out to Hilany, she said that was due to getting people over there, coordinating assemblers, setting up the furniture, cleaning up and throwing away the material, etc.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

You can file a Chapter 13 which will protect your home and its a clean way out.When you file a CH.13 BK its not the end of the world it simply protects your home since its your homestead from foreclosure.

I made myself take QB classes and struggled for years, my CPA said what I am doing is about 80% correct and it was a ton of work to clean up the files. 80% is not acceptable for me when it comes to IRS stuff.

I thought about buying a non developed lot in cash, subdividing it, clean it (take out trees and bushes), get permits, and start building 1 property sell it and then build the second one...The problem is that I am afraid of going this route because of messing with sewer, water, electricity...

I allow pets with a pet fee and have a cleaning fee, tenants change out every 3-6 months on my MTR usually. 

. - Finding a Good Team: Since there is a language barrier in place it was much harder to communicate with any cleaning companies/property managers we found.