(This is my first income property analysis, so be gentle…LOL)Asking price- $130,000Down Payment $5,000 (3.85% I know not much skin in the game)Required maintenance $0 (I am not naïve enough to believe this, but haven’t gotten any concrete data to refute this claim (By the owner).

What I was able to do was borrow against the equity in the first house , $60,000 then paid cash for the second house $10,000 renovate the second house for $30,000 put $ 20,000 into my savings account and rent that house out I then went back to the same bank and applied and recieved a Home Equity loan of $ 50,000 , with the cash from that loan I bought a third SFH about 30 miles away in Schenectady,NY for 27,000 I fixed it up for an additional $19,000 and rented it out for $ 725 now I want to keep doing this , the loan officer did mention that if I were to form a corporation and put the 3 properties into it that they may lend to the corporation has anyone had any experience with transfering ownership ?

The chances of Prop 13 disappearing is looking pretty high these days, I don't know if old transfers would be grandfathered or not.

Break your sets down to price per square foot.Websites such as Zillow and Realtytrac are Automated Value Models (AVM) which means they collect this data and calculated it without any human adjustments.

Getting allot of site errors, cant even contact Joshua about them, Had to re join just to reply to posts.As far as some of the questionsStrip center is 25 years old, I keep everything maintained, I always have people asking if I have space.My parcel is all flat, anything that isn't building or parking lot I had graded and seeded with grass, it is kept weed free, cut, and its like a park like setting. the 24 acre parcel has hills, and wet areas that DNR wont let be touched.I don't need to sell, but also know if the corner develops my site is worth much more, so if I hinder it I shoot myself in the foot.One developer brought up an easement to me for an entrance, his question was would I GRANT him an easement, not sell him one,that was back when a large food chain wanted the corner, he was going to develop it and then lease it to them( pick n save), not sure if I can name them.Anyway I got skidish with developers and brokers, they would call and want to meet at the local StarBucks, try and get me to tell them what it would take for me to sell, tell me they were going back to draft up an offer, I would never hear back, one local broker drafted up an offer to purchase, the offer was transferable, it was full of errors the city wasn't right, the county wasn't right, it was just a mess, so much that I began to think the commercial real estate world was full of shysters.I had a broker list my site for lease a few years back, asked me if I wanted to sell because of the corner being up for sale, I said maybe it all depends, so to make a long story as short as possible, he would tell potential Tennant' that I was thinking of selling, so not to depend on long term leases, then tells me lets just list it for sale, its not leasing out !

I'd say it's the investor's responsibility to run a tight ship, but this kind of issue should be something that the title company knows about and insists upon solving prior to closing and transferring title.

I called Rich Dad Education, they allow me to transfer my spot for another course to anyone, I just to need to sign a release form.

Appraisals, credit reports, title insurance, attorney's fees, recording fees, (some states transfer taxes), realtor fees for both the buyer and seller, mortgage payoff amounts to clear the lien to the home, homeowners insurance, closing agent fees, and oh yes, if there is anything left over, we brokers like to get paid as well, and the lender we send the loan to has to get their money, and flood certifications, surveyors, etc."1.

The answers will range due in large part to how the transfer (wholesale deal) takes place and the price points.For instance, if an REO, it is likely not "assignable" so if the buyer of the REO is using a second escrow for a double closing, then they will want a non-refundable deposit so you don't walk away and leave them holding the bag.If it is assignable, then it all depends on the contract wording that they are taking over, if an inspection period timeline is left over, they still have that.In other wholesale deals, they are mostly non-refundable deposits to keep you from backing out at the last minute with nothing to lose, that protects the wholesaler.As for inspections, typically, you as the buyer should do your inspections first, then decide if you want it and at that point, a refundable deposit is not needed, you have already made your choice to purchase the property.

In terms of statistical information, I look for stable or upward-trending sales data, short and shortening lengths of market time, and generally how hard it is to find a 'good deal'... in areas that are gentrifying, people will tend to jump on it as the margins look pretty wide.