Originally posted by David Niles:...Some of you are pretty lucky, most I ever end up with is junk and all sorts of nasty smells and stains.Well, I thought the theme of the thread was UNusual stuff - smells, stains and insects are the usual stuff they leave behind ... :)

It's not unusual that folks (including many investors) will pay cash for property and regret the decision relatively quickly for one reason or another possibly due to a lack of experience.

Nobody told me at the time how unusual that was, or gave me Jerry's advice of "it won't always be that easy."

Michael, you sound like me talking, don't get on the wagon until you have the horses hitched up.Now, if there is some unusual situation where a property is to be acquired and sold within 90 days, knowing there is no problem with a sale you might use a Sub-2 arrangement to facilitate the deal.The seller needs to understand these deals, giving the seller some disclosure saying they are going to be responsible for the loan and they will die, isn't really having them understand all the risks involved.As Michael said, don't get involved unless you can take out the underlying debt

Granted, that's probably an unusually high amount compared to most students, but there's no question the program gave me the tools to achieve this.- The program insists that you have an attorney review everything you do, they inspire you to get out of your comfort zone and achieve success but are fanatical about making sure you stay legal- They operate by Christian standards, empahsize the discipline of giving back, and inspire us to never sacrifice ethics for success.

Congrats to you on that, it is for sure unusual from my experience here on BP.

It is not unusual to run into insurance company push back during the process.

Farmers is a bit unusual in that yes it’s a captive company in that the 1st shot on the policy has to go to Farmers or Foremost, but the agents are free to broker to any company after that at the discretion of the agent.

When they are priced well, it is not unusual for there to be multiple offers (sometimes over 10) within the first day or two.  

When a tenant has an unusual request or offers up excuses rather than pay rent, we say something along the lines of "If it were up to me, I would help you but we work for the owner and we have a contract we must uphold.