So, I thought it might be a good idea, rather than getting "fat and happy" to mitigate my risk and hunt for additional opportunities.

So since I started on here, I have got off my kiester and tried to do what I can in real estate so far.

One of my main concerns would be once the building inspector starts poking his fat snout around that I would have to get the wiring, this, that, or the other "up to code".

In my market, they asses a 25-35k at a value of 70-75k, in an effort to drive up the tax base to pay their nice fat pensions.

.), they can often offer several concessions to the borrower, such as pay their closing costs, because the lender is paying the broker a fat little bonus for selling the higher rate, which makes the note much more valuable on the secondary market (yeah, selling the mortgage to somebody else for a premium) or as a portfolio loan (the lender services the loan and enjoys all that extra interest).

Chelsey, found the sound of it (correct me if I am wrong) you have encountered subterranean termites and the wood underneath must have been touching soil at some point for these termites to infest the wood.Sounds like this can in fact be treated and resolved underneath without doing any work in the interior.

Remember your max you should go is $57k-$58k (unless the rehab can be verified to be lower than $30k (you still have some homework to do here.I would asl oagree with the advice from Jonathan to have that basement inspected closely by a professional looking for water and mold damage.Regarding Joel's comment of the HM lender, he is right, they will be holding the rehab funds and pay via draws as wrk is completed to their inspections (only items requiring licensed tchnicians will they require you to use such people, much of the work can in fact be done by you, however, if they see crap work, they will likely not release rehab draws.

Kelly I looked at recruiting agent for my firm years ago.At one point I did an active campaign and had about 45 agents at my firm at one time.I have found most agents feel entitled or won't follow the steps you tell them to be successful.They will skip some steps because they are lazy and want to "get rich quick" like the rest of the population which is why so many fail.If I add an agent say on a 70/30 split then I have to take time from my own deals where I make 100 percent to make 30 with them.The training and getting over their mindset takes so much more time than me doing my own deals.This is why I have only 7 agents right now.I got rid of the rest.Many companies try the 100 percent model but you get either new agents having no experience,part-time agents who are rusty,child support demands,irs tax liens,license lapses for education and or non-payment of dues etc.It is a huge headache to keep up with for a low return.If you go the other route you can train new agents for a fat split before they leave the business or train a select few agents that you want to feed leads to on your team.I just focus now on my own investment purchases and my own commercial listings.

If he knows nothing of real estate but wants to invest in it, he should put ALL the money in some sort of savings or money market that generates a yield, and take the time to learn as much as he can in real estate.

I need a realtor that understands the A-B B-C transaction, assuming I can in fact get it low enough to purchase and resell.