Unless my friend agrees to $800 for a definite amount of time where he’s gonna be out after a year regardless then it’s prob not a good idea. 

Also, they have access to a tremendous amount of information and connections to those trades that we all need more access to. you may also ask where are the regulations stated in writing, then you will have the ability to answer further question you may have regarding these matters

@Tina Chau Hey Tina, mortgages are recorded and public record most of the time, you can access this info at the county clerk website where you can sort by document type (mortgage) and see the amount taken out.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

What is the tenant's portion of the rental amount?

Note: the $1423 amount includes owner paying for electric, gas & water.

Investment Info:Single-family residence fix & flip investment in Wichita Falls.

So if you can find a parcel that doesn't seem to have multiple fatal flaws, or at least you think you can add value to fixing/figuring out their constraints, then I would do that and then just flip on the MLS, especially if you are able to let it "season" a bit, which the title companies in California require anyway...they won't insure a flip of a tax parcel until some time has passed.

Hi all.  I'm looking for input from anyone who works with a partner on doing flips on how you structure your partnership in a way that protects both parties.  My potential partner and I have agreed to split everything...

Is the Property & Liability (Package or BOP) coverage being cancelled or just the Flood2. what were the dates, type of damage, and amounts paid on the claims3. what has been done to mitigate the chance of this happening again4.