Simply because it's an assumable loan and they don't need to qualify?

You are speaking their language when you talk P&L and balance sheets.If you are using QuickBooks like Mike and entering everything, QB will automatically produce financial statements at the click of your mouse.

There has been horrible accounting as to where exactly the money has gone & I do not expect that to change.In my opinion we are simply debting ourselves into a greater problem.

I may have given you the wrong idea of what is going on here.. the heloc will be used as a last resort only.. the house she's buying because she tried the "live with parents after the divorce" situation and she simply cannot stand it.Knowing that she's got to get out of that situation I'm scared to death that she'll take the easy way out and try to RENT something.

Sometimes you may have to put in several offers on the same houses week after week until the bank finally says yes.To better answer your question I suggest you simply call up your preferred buyers and ask them what ARV or price point are they looking for.

I could have already rented each of those units probably 5 times over, but I simply won't fill them until I find a tenant that is qualified.

I'm simply taking this course to see what other perpectives are and what people have accomplished.

Anyone who feels entitled loves it (and they have the votes), and like any entitlement it's damn hard to get rid of.Other than simply not investing in socialist areas I don't really know how to prepare for that.Oh, and another thought: if I was a politician looking to raise tax revenues, I'd focus my efforts on a group that doesn't have much political clout and that is almost uniformly hated: the EVIL RICH LANDLORDS.

My current program allows for more options, and one of them is simply negotiating the deal and collecting a fee.

Team Brovitch, all he's doing is lining the people up and essentially getting a finders fee or an (assignment fee)he never makes a payment to any lender or seller for that matter since he's just simply putting A-B together and getting the finders fee in the form of an assignment.It's a great way to make some money.