Kay H.I am not a marketing expert, but what I do know personally is that the odds of me earning passive rental income are greatly diminished if I don't invest in inquiring the rental income producing asset.

Hi everybody,I'm starting out from scratch in this crazy RE world in Los Angeles, and I've heard from many people that before I go out trying to find a deal that I should first become an expert on (or at least be familiar with) the local market so I know the comps.

Enough to become an expert.

The product was faulty (stated to be "manufacturing responsibility") in written report of certified flooring inspector.

The HUD-1 will look like you are paying an additional $7000 but seller will give you a certified check for this amount to cover those fees prior to settlement made out to the title co.

Get it in touch with a local short sale expert and under contract with the owner then find out if the bank will take it.

It is fine as a screening mechanism, but you want to speak with local property managers or other experts to find out how the building will actually operate.

@Thierry Van Roy Call three local REIA clubs presidents ask for investor contractors as referrals, do not pay retail.Go to IREM.org search for ARM certified property managers.

The bank would never let it go for this much.Looking for some opinions on this deal from some experts..Thank you.

For all tax experts, accountants or attorneys, am I missing any steps?