Before its rescue-sale to Bank of America (BOA), Countrywide was the largest mortgage lender in the United States.Countrywide became a “leader” of sorts in the lending industry, according to numerous lawsuits filed by the Department of Justice, by adopting reckless lending practices, encouraging fudged loan applications, and violating appraiser independence in order to gain market share.

I have wanted to be in the real estate investing world forever it seems and decided to take the leap and learn as much as I possibly can and to eventually be financially independent through buying and holding rental property.

You need to figure that our yourself based on the level of rehab required (what does your competition have and what will your buyer demand) and the cost of the contractors you hire (I've found that it's tough to find investor-friendly contractors in Milwaukee).Do your due diligence independent of the guy selling you the property.

The hourly rate then falls to $30 an hour, assuming the 20 hours is generally due to administrative duties and mostly independent of rental size.

we asked the selling agent (that fannie mae hired) how we can get an independent appraisal to prove why a cash offer of 30-35k is reasonable. if we order it, we're afriad fannie mae will say it's biased, so the selling agents are looking into how they can order an independent one for us since it's a cash offer....i love stumping all these people who have been in the biz for 30+ years!!!

I've been in municipal government, an independent broker dealing with state government with access to information, in federal government in two agencies HUD and FDIC, all had rules concerning public speaking in an official capacity, heck, even the military has regulations concerning public comments.

I hate the idea of being dependent upon taxpayers for my retirement so I'm looking to achieve financial independence so I don't have to retire with the military.

And also i read some where that independence title katy Is one that they used i know thats not really south but west cant be too bad :-).

Are there any advantages to forming a legit business partnership instead of being independent investors who work together?

They may be able to give you a good, independent, 3rd party opinion.I have their contact info that I can PM to you if you cannot find it and want to check with them.Good luck - hope your purchases turn out to be what you expect!