But for all the programs out there seems to me this one for 1,500 would be worth it you know there are going to be others who are probably in good positions to buy this stuff so that means they have ability financially and business wise.compared to say a wholesaling seminar which is the how to get rich quick with no money crowd.. or the fix and flip seminars.. which are a mixed bag of capable folks and dreamers.

I just got into a JV with an experienced contractor on a fix & flip and was wondering what kind of terms are common.

Im beginning to see similar behavior from my contractor - wants more upfront, I've called out a few "obviously shoddy" things and started to get the "well that's a change from the contract - I don't think so.I've got a few recommendations from Home Depot - one guy in fact that has done a couple previous jobs for me (one complete rehab of a unit, then a smaller fix-up job, and I've got him on a two unit rehab right now.

Im aware of the fact that resent real estate laws might make this hard and costly but would like to hear specifics on the best way to structure this so in the event of a default from the buyer I can step in and foreclose in order to maybe fix and rent or resell.

@john @John D Forth If ex is on the deed it will have to be fixed.

Hi BP,I've heard too many horror stories on property management companies that are not doing their job properly (i.e. do not provide best advice on hazards, termites, do not try to save money when it comes to minor and major fixes around the house and in general do not act as the owner proxy and serve his best interest).From one hand, for 10% (especially on low income neighborhoods) I realize (but not understand) that I can not expect property manager to take care of my house as its own.

Fix It

Last year we bought a property with three mobile homes on it and this year we just bought another property with 3 different lots but only one mobile home on it that we plan to fix up and put an additional two MH's on it.

I've fixed pretty much everything unless it was over my skill set (replacing capacitor on A/C system, for instance; landlord told me when I moved in it was okay to repaint or whatever as long as it improved the house), my neighbors love me - they've told him so; I've resodded the yard twice (FL grass sucks with a dog), had the landscape crew redo the trees in front so they look good, replanted flower beds (perennials), power washed the house every year after wet season ended, ensured the pest control worked...The BUT part ...As a sole practioning consultant (pre-IPO weakness remediation, large financial systems implementations, global audit recommendations for SEC registrants, etc.) at times during the last 3 years things have been sink or sink lower credit wise and the ID theft didn't help (apparently, I bought a car in GA and own some property in TX).

You can use the 1sts foreclosure asLeverage to get the 2nd to settle for less than is due and create eauity in the deal, plus whatever You Can Gain By Fixing The Property Up If There Is Money To Be Made There.