I believe we as a nation are on our fourth attempt at Trickle Down Economics.

Purchase price: $105,000 Cash invested: $55,000 My first attempt at a BRRRR.

Purchase price: $105,000 Cash invested: $55,000 My first attempt at a BRRRR.

Maybe someone else can chime in here.If you are saying that the houses value is 150k AS IS and you are acquiring it for 109k, then I think your best option would be to get a 30 year commercial fixed rate loan since you said conventional is not an option, and then open a HELOC to attempt you to use the equity that you claim to have because of your below market value purchase price. 

So I wouldn't necessarily be trying to take a pool they put in, and to my knowledge have never used or even attempted to maintain simce they have lived there.

As far as earnest money, I’m not sure your state laws, but here in Ohio if we’re unable to agree on something and need to cancel the contract, we attempted to get a mutual cancel addendum with earnest money release signed.

If you commit to learning and reaching out to others in an attempt to provide value, I promise that will be a better investment than 5000 could ever be as a start out amount

. #3 - Use the services of a company like Rent Recovery Service or Mr Landlord Debt Reporting Service to report the debt on the tenant’s credit report and also have collection attempts made.

The warranty does expire on 10/2020, so I do plan on getting a technician out for a diagnostic. 2 weeks ago, my PM only sent out a technician to refill R410a, he did not even attempt to locate the leak saying it should be minimal considering only 2lbs.

To clarify, I'm skip tracing for the Wholesale buisness model, so i can cold call these owners, in an attempt to get them to sell me their house.As a side note, I'm also open to helpful tips in regards to both skiptracing and wholesale buisness model