I would like to see that reflect at the pump soon.

I was the one who assisted him in reflecting on the situation to determine that he was in a pattern that would ultimately collapse in on him.

It reflects well on the entire house and the job you've done renovating it.

I would think there'd be a shot with community banks (look at banks with assets under $1.0bn) lending for their portfolio, where they'll weight the performance of the asset (ie. the Debt Coverage Ratio) and your liquid reserves more heavily than DTI ratios.I'd put together a nice looking package highlighting successful track record with current properties, discuss your investing approach/strategy, and put together a well-documented pro-forma of the new property, reflecting a strong DCR of, say 1.75 or better.

For some reason, some agents take low offers very personally, either because they can't separate business from personal life or because they feel the offer will reflect negatively on them.Regardless, it's not your problem, and you can't worry about how an agent responds to your offers...just move on...

That area of San Diego wouldn't be my first choice, it's a little old and near commercial/light industrial zones, but it's not too bad either and the price reflects that.

If I were to sell the property the selling price would reflect my efforts and the investor who buys that property would probably net 10%-12% return. this is fair because i assumed all the risk of the purchase rehab and rental and took the time to put a qualified property manager in place.

jscott, I am an agent and I was the buyers agent on this deal, and i ran the comps on this deal before I made the offer, also remember that I had to go through the highest and best situation earlier on in the process, so I felt it was a pretty strong offer to begin with and in reference to the vanderlism, I was not even trying to get a discount I just wanted them to honor the contract that we had before the vanderlism and they would not even do that.I think you are right on the point that the listing agent should have had the bpo done before listing the house, I think this is just a reflection of the current market, lack of inventory and unrealistic expectation on the part of the bank, in this case the sellers were willing to contribute their relocation fund towards the deal and I even went up 2k just to try and make the deal work, I eventually walked on this deal.Micheal, yes I walked on this deal, not worth to me, also been an agent what I am noticing on these flips in my area is, they are starting to sit and taking longer to sell after rehabs because the prices are starting to creep really close to the new construction prices and that is a reflection of what they are paying for this properties when they buy them, I think some investors are starting to think are about the good old days of 4 to 5 years ago before the crash and that is really scary if you know what Imean

[This is why you document what your true intent is] It is times like this that this person often asks someone, generally a tax preparer/CPA what the tax implications were, but when you ask them about the tax consequences, they will ask you to outline the details of the transaction but as I just mentioned these details DON’T create or reflect your real intent, as spelled out above.

By that I mean it's supposed to be a "clean" calculation that reflects how a property is performing on an ongoing basis irrespective of how it's capitalized or whether you had to replace a $7,000 AC unit last month.