As for myself, I dropped out of business school to pursue my dream to be a "business man" and now I currently co-own a growing commercial cleaning business (its really not my passion at ALL) which pays the bills, so I as well have a business background,but its just not the kind of business I want to be committed to full-time anymore.All this week I have been working on a business plan to pitch the idea to my maybe future business partners, did a ton of research on how to wholesale, but I can't seem to find out the legality of this practice in Wisconsin especially with the whole "assignment of contract" or "double closing" methods.Any help would be GREATLY appreciated.

THey have some great insurance until as in my case they dropped me for no reason.

Hi all - I've put in a cash offer on this property: http://www.indexpost.com/property-for-sale/wyoming-cheyenne-82007-204-stanfield-ave/ for $75,000 using this formula: Max Purchase Price = Sales Price - Other Costs - Profit - Repair Costs MPP = $125,000 - $10,000 - $20,000 - $20,000 = $75000 All the details about the property are in this post: http://www.biggerpockets.com/forums/88/topics/124943-advice-on-mpp-for-rental-flip-in-2-years My buyers agent informed me that my offer was not the first one the bank was negotiating with, and after that negotiation failed, the bank has now come back to me and counteroffered at the current asking price of $104,900 (which they've just dropped $5,000 from $109,900).

The issue with "borrowing against the box" is the call feature if the portfolio value drops, so long as you allow for a sufficient market fluctuation you should be fine.

We're all subject to the FED's printing presses and the rather strange remarks of past a FED chairman concerning the dropping of money off helicopters.

@Billy Bob If you are getting title insurance, if the company is reputable I wouldn't see an issue using their title company. 3pts isn't that uncommon for a Hard Money loan, but for a PML it is up to negotiating...I bet if you do more deals with them you should be able to get this dropped over time.

Once that is done, the owner of the park can not go after you UNLESS you were named in the suit and unless he has a judgement against you.If you are anywhere close to the Valley, or to the Dallas / Ft Wroth area- drop me a line and we can discuss pulling it into one of my parks.

It would be tough to pull any equity out at this time with such little wiggle room.Two questions:Price dropped on May 14th by 6.7% Should I wait for the price to continue dropping before making a bid?

If you pay for a PM the cash on cash return drops to 2.5%.

I wouldn't expect 16 to drop down to 10 in couple of days now.