In addition, code enforcement in most areas doesn't go on patrol looking for these sorts of things; they respond to complaints reported by the neighbors (or maybe the code enforcement official or another gov't worker lives on that block :D ).

What is zoning, public transportation access?

You may need to signup for his newsletter to get access to it. 2) The contractors I work with are paid when the job is completed unless it is a very large job in which case we agree to installments...never more than 1/3 up front. 3) I usually have the bulk of the materials delivered by Lowe's or HD, it makes it much easier than making a bunch of runs to and from the store...just make sure you do a quick look for damage on anything that is damage prone. 4) I would say either would work but this is out of my expertise.

Checkbook control is only needed if you are investing in very time sensitive investments, however, the ease and quick access is my preferred route.Keep in mind that flipping properties is an active biz and subject to UBIT, just as buy and hold using leverage will also trigger UBIT.

I have been very successful and am in a position now where I do have access to capital that I would not otherwise had.

I would get access to all their contracts and scope of work documents and written materials they use for evaluating and estimating costs on properties.The second half of the instruction would be a series of tours of their current rehab projects ( they said they generally have 10 to 15 going at any time) and properties which they are considering purchasing as flip projects.2) Guidance through 5 flip projects.

It is on a block where there are all new construction homes and only his old house with the 2 connecting lots.

Underwriting is as much an art as an ability to adapt rules, regulations and applicable law.Loan originators are problem solvers, they need to be able to originate loans within the guidelines and address the bumps that may throw up road blocks and coordinate the entire process.

Just one other thing along the bulk purchases, you can break them down as Dion mentioned but you also work off of several loans or blocks from the weighted average to maturity, weighted average yield, weighted average collateral (LTV/CLTVs) as well in a portfolio.

Our house needs updating but is certainly livable and there's similar sized new construction (w/o parking) going up on our block and all around for $110k more.