Originally posted by Account Closed: @Will Barnard it was a rehab flipper he was located out of state he sent a contractor over to check out the repairs but the foundation work was 10,000 dollars over my estimate basically the same with the first deal also If additional expenses were uncovered during your due diligence that were not easily identified upon initial walk through, you should have had the opportunity to go back to the seller to renegotiate.

When I called Housing to report it, they terminated her assistance immediately without any proof of death or even verifying who I was!

If fees need to be paid for appraisal and other costs then ask for their contact and verify them and pay for the service directly.

I am payng 5.125% now at Wells Fargo. 6% would just mean my initial buy in would have to be a little lower to get the same cash flow.

I'm definitely still sorting through what his expectations and goals are, so since this is the initial stage, there is a little confusion.

I am open to different markets but my initial thoughts are to look in the Westchester area and/or Long Island.

He would need to agree no other fees are required and a W-9 be signed if the money is over $1000.If he refuses, then he can initiate a suit and you have something real to talk to a lawyer about.Personally, I wouldn't sue someone for so little money.

My initial plan is to hold for 2-3 years and then sell.Are other investors noticing the market is slowing down?

* Get bank accounts* Have at least an initial meeting with an accountAnything else you can think of?

I will be initially using the license to sell some new builds.Thanks,Gautam