You didn't explain that his nephew was living there and had established a household and life there.

Generally, an ARM should be considered for short term held properties, dumping them prior to adjustments in interest or where rehabs can raise LTV to leverage equities established.

First though, you have to get a JUDGMENT against the departed tenant (or the debtor); that judgment establishes the amount of money owed.

Land is at a premium, if a person could find any, and older homes in established neighborhoods to remodel are the standard.

Scott Jay, that being the case you are going to be competing with established, knowledgeable, experienced wholesalers.

I've picked up tons great info on direct marketing approaches, software recommendations, 50% rule, property management techniques, legal concerns, sales pyschology and much more.Without counsel purposes are disappointed: but in the multitude of counsellors they are established. - Solomon

Effective 12.24.17 the cost for a VANILLA LLC is $150 to establish and a SERIES LLC is $400. 

The difference in savings could be viewed as an investment over time and your break even point can be established if the are no claims.

By you knowing, and working for this person, ought to go a long way to establishing your network.The fact he'll match your salary, and you can earn commissions, makes this almost a no brainer.

Establish rapport.