Jake I've seen the same thing up in Salt Lake County. 1% is about the best I've seen.

I study the hell out of this business and study the approach and habits of the people who are successful at it, then try to model what they do.And my 2 cents (I'm a newbie, so take it w/a grain of salt) - you'll be fine doing a flip if you know something about rentals, b/c you already know the ins and outs of a second exit strategy!

Wow, I didn't really bother getting my head around everything, but this really seems like such a big bother for little to negative returns, take what I say with a large grain of salt; just really seems like a headache waiting to happen.Andrew

Kevin,Beyond finding the property, the agent should be able to help you in locating financing (refer you to a mortgage broker or mortgage banker), refer you to inspectors and be there for the inspection (some agents won't show for the inspection, but any that are worth their salt will show), as well as go over the title report and point out anything that an he/she feels an attorney should look at, be there for the closing and go over the final HUD-1 closing statement, looking for any charges that are out of the ordinary.And before any of this, they should pull "comps" on the subject property so you'll know what a good offer is for the property before starting the process and paying for an appraisal.Agents do a lot more than just show pretty houses.

Now you have to take all the stats with a grain of salt.

Originally posted by Account Closed:@Jacqueline Carrington I only work with investors located in these areas: Hartford, CT; Salt Lake City, UT; Louisville, KY; Los Angeles, CA; Birmingham, AL; Boston, MA; New York, NY; Baltimore, MD; Washington, DC; or Milwaukee, WI, No properties in those areas.

I know no one is a securities lawyer, so I will take the advice given with a grain of salt.

Take all of that with a grain of salt as I am by no means an expert on the area.Good luck with your trip… I’ll PM you some of the professionals I used and how they helped me out.

I take all those with a grain of salt as they will always advertise or talk about the best of the best, not reality, which is where most investors will fall, especially starting out. 

Take with a grain of salt answers from non-Texans, and if much of your knowledge about how EMDs/contracts/contingencies/etc work comes from BP then re-evaluate what you think you know based only on the wisdom of fellow Texans (who may or may not be on BP). :)