Now, one can lose money in this one, to be sure, but compare that to the deal in question.

Personally, I have his ebook and found it rather "skimming the surface" or wholesaling compared to other programs I've purchased.

Maybe the moderators can lock this thread so everyone who is interested goes to the other thread.The other thread does have a lot of activity compared to here.Thanks in advance.John Corey

The logic is you want to compare what a building produces in terms of income independent of financing.

Hence the IRS has a bit of extra protection compared to other junior liens if and only if they want to bring cash to the table and redeem the property.John Corey

You also might have a harder time motivating agents to bring you deals if they have to split a commission with you compared to taking it to someone other investor where the listing agent keeps both sides.2.

As AllCash has already mentioned (you have quite a memory there 8) ), the PMI drops off at 80 LTV (loan to value)---based upon the figures you provided, your current loan to value is 88...There is no benefit to a rate and term refinance at this point, if your intent is to eliminate PMI...There might have been a time when comparing a refi option with LPMI (lender paid PMI) might be feasible, but in the absense of more info (and prevailing market conditions), you might be better off leaving things alone.Regards,Scott Miller

If so, how does the preliminary HUD compare to the good faith estimate. 3% seems like a lot (% wise, it might be nothing in $).

For this we obtain multiple bids, compare and make recommendations, coordinate the efforts, oversee the actual work on site (periodically checking progress, documenting with photos, making decisions and change orders when necessary), inspecting and documenting the finished job, reviewing punch list items and authorizing final payment.OTOH, if you are talking about a LARGE project, or development type work...I have no idea!

I have recently acquired a tool that will help me to quickly find information about properties all over the country including foreclosures and preforeclosures, tax assessment values, last sale date, current owner, condition, comparative analysis, etc.