The one downside is that the funds are on hold for 5 business days - i was hoping that the 2nd time around, the hold time would be reduced but alas not so.

If you have other obligations you have to subtract them from this 2250 number which could reduce your buying power with respect to sales price.

That drove me so batty that I created the list of links that is now a sticky at the top of the wholesaling forum; it seems to have done the job of reducing the number of times the question gets asked.Lately people are asking about rental classes - A B C D etc.

Normal activities on the ground floor will interfere with anyone trying to sleep in that room.If there is any risk at all of water getting in there you must take steps to mitigate the risk or else the value of that space is greatly reduced.

After that you can reduce this because you'll 1) have significant reserves, and 2) have multiple properties to produce income.

The solo 401k contribution limit for self-employed persons generally is 100 percent of the net business income reduced by one-half of their self-employment tax and any qualified plan deductions taken for the year, up to the annual contribution limit.Various IRS forms or schedules are used to determine whether a self-employed person has net business income.

Since that time; I have gained a property management client with a $9M portfolio that I personally manage (exclusively with the owner), we reduced annual expenses by $150,000, tapped into unrealized equity (rent increases and amenity upgrades) and added $115,000 in rental income to the income statement since December of 2011, I have joined a very successful commercial brokerage in my town, I purchased a renovation project (SFH) with two friends, I purchased two vacant pieces of land, I personally purchased my parents a storage facility (I have posted about this previously.

Reduced security deposits with "character- underwriting"in place , Rebates for utility deposits, Moving Cost Assistance, etc. are just as helpful and do not forsake the importance of the Rent Payment., or the value of a tenancy at your property!

but by reducing the commission from 3% to 2% you are reducing their income by 33%.

Another update.I backed out of the deal.As soon as FNMA accepted by offer, I had to commit to EMD and sign their REO addendum.They asked for a 90 day deed restriction, which I was OK with.The property is probably worth 165K when it's rent ready, but right now it's not.My accepted offer was 131K, with an estimated 20K to correct the violations - well the violations I know of - illegal fence, illegal staircase, illegal pond, two illegal exterior structures (gazebo style steam room and weight room), and illegal driveway and decking, plus some interior violations on a master bathroom plumbing.Oh, and a 345K city lien from years of daily fine.So when the clock started ticking I began to do my "thorough due diligence".Had my attorney reviewed the contract and looked into the lien issue.Now, the city, as a matter of policy, WILL reduce the lien down by 90% once the new owner makes the corrections and clear all the violations.