Hurdle #1 - Get the terms and facts straight.

Hi Walt, not sure how it is in Florida, but here in Orange County, in some of the cities a garage conversion to living area is a straight no from the city.

Buyer then moves in and takes wholesalers position and purchases straight from lender.

But as a straight investment, probably not.

@Daniel DiGiacomo Do you have a website with a capture page or are you marketing on Craigslist, or are you going straight to the source by marketing to buyers in your area who have bought in the last whatever time frame?

I've never had issues with the electrical system--generally, you can tell whether it must be replaced by looking at the electrical boxes--but I've had plenty of issues with plumbing, which led me to allocate $1000 for plumbing repairs straight out of the gate, in case there are burst pipes or cracked valves or the like.

He told me he takes his check straight to the bank and doesn't pay taxes on it at all.

Thanks for sharing.I'm wondering what your thoughts are on the direct tone of the letter and coming straight out of the gate saying that I want to buy your property.

The other house has been rented for 4 years straight.

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