If you get in a pinch, I have an estate agent friend from Melbourne who does nothing but probate in California.

This is not an area to pinch pennys, a mistake in contracting can cost you big time, your strategy can fall apart and you may bear liability personally.

Hello,In a little bit of a pinch, as we have had some setback on our 203k loan and the closing date is next week.

I have personal savings, and credit cards if I get in a pinch but so far I have not had to dip into them but once.

Such landlords are known as "slumlords", usually pretty frugal, no cheap and they pinch a penny til Lincoln screams, I never found them as a good buyer in my area.Question is, why is it bad area and can that be cured?

A seller who's in a pinch may be desperate for money to salvage equity, however an owner focused on (or "coveting") another property as only a shiny object must convinced that the opportunity they are chasing is that much better than the one they're hoping to liquidate.

They typically aren't hard to get, can usually be maintained pretty cheaply, and I've yet to have a year go by when I didn't have at least one or two transactions that paid for the yearly fees and put some jingle in my pocket.Or to put it in another way: Don't be a penny-pinching toolbag who asks an agent to put their license in jeopardy so you can save yourself the few hours it takes to get a license.

It will also pinch your DTI to have that extra loan (perhaps you have a high paying W2 job and that's not an issue for you, I don't know) You'll want to have cash on hand for vacancies and unexpected expenses (really- you want this,whether you think you do or not, haha).

For most people, buying real estate (at least in the beginning), means penny-pinching for long periods of time in order to acquire the capital needed for the investment.It could be months or even years of frugal living to achieve a goal, focusing on "needs" rather than "wants".But even the most dedicated need a treat every now and again to break the monotony of what I call "the grind", in order to recharge the batteries and stay motivated.So, do you guys (and gals) treat yourself?

Unfortunately this was the location I could find in a pinch so between this meeting and our meeting in January I will find another location.Once again, if anyone wants to bring materials to discuss please let me know ahead of the meeting to keep in the spirit of it being an open dialogue especially for those new to the real estate field.If any of you have any questions please let me know,ThanksMichael W.