It generally takes time to process collateral, meet state requirements, address securitization matters in replacing any loan and redemption periods.As Jon mentioned, you can't value a property based on a loan amount per se, but you can in some cases come close to what money a lender may have in the property.

To the extent you can in most cases make more money with 10 year treasury bonds than with a paid off rental house, dollar for dollar, with less risk and headaches.Also, holding houses for decades is a bad idea IMO.

Along with Office Management we will also build our Team and will consist of the following:Agent/BrokerCPALawyerEscrow Officer/Title RepInsurance AgentProperty ManagerHandymanPrivate Lenders/Equity PartnersContractorsWe will follow the same Wholesale Process/ Rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.

Always Remeber: Pigs get fat, Hogs get slaughtered

Not set up for utilities" and then pulling power from another property is a big fat fine for everyone involved.

Originally posted by Charles Perkins:I was just reading that HUD may expand the 203K program to investors.http://themortgagereports.com/10692/fha-203k-eligibility-may-soon-expand-to-real-estate-investorsI suspect that those loans will be fat with fees to replenish the insurance fund.

He goes in, fixes the marketing, streamlines operations, and trims the fat in administration.

You are funding everyday folks that are looking to consolidate debt at lower interest rates.The way the site mitigates your risk is by diversifying you over hundreds of these loans, so if one borrower defaults it does not destroy your investment.You can literally put as little as $25 spread across hundreds of borrowers.Like anything else you can in invest in lower risk borrowers and get 5-7% I believe, or higher risk and get 8% or so.Man, these P2P sites should pay me for this post...lol.  

Visit as many parks as you can in the area.

I had a property where they didn't even supply comps, and there were hundreds available, just not the ones they needed to fund the fat pensions and other ridiculous gorwing fees they have.