When he first told me about the leaking that's when he told me the floors were already warped which indicates to me that he did not tell me the first time he saw the leaking.

Yes, and sometimes you'll see the price will read "Market," which in my opinion, is an indication that sellers are looking for offers at retail.

If you're ever up in my neck of the woods give me a shout always interested in networking with other like-minded individuals.

If your a buy and hold investor, are you planning on putting the properties into one persons name and getting traditional (30 year) financing (traditional mortgages are for individuals, not LLC's) An umbrella policy for a few million is a cheap way to take care of liability, and even if you have it in a series of LLC's and your 5 entities from it, if your involved in the rehab, and someone gets hurt because of neglect or something you should have know, you liable...and if your managing a rental and something goes wrong, your just as liable.

This way, you're two individuals investing in a deal ... buying the house together, splitting costs, etc.

This is usually an indication of hard sells for boot camps, books and tapes, and/or mentoring.

Here in the east you will see both, but there is a preference for Power of Sale by the institutional lenders.Here you will see small multifamily (1-6) come up as bank owned, but not the mid-sized to larger buildings - as you indicated, they usually have someone in second and/or will be sold off - often to a big player such as Killam or Brookfield - before going down the path of foreclosure.

In order to be an eligible borrower under FHA you need to be Legal Age (18 or older) or married.There are also maximum allowable loan limits that are set by individual counties.

Since you don't indicate what State this land is in, we need to have that conversation.

I'm curious to hear anyones thoughts on the new vs. existing argument, especially any indicators on when it makes financial sense to build new.I've learned a ton since discovering bigger pockets and still have a long way to go.