When a customer comes to get a mortgage loan and they have low scores.

If you see they have tried to fix their customer's problem and did everything in their power to do so then you should be pretty happy with that, there are other companies out there that don't bother trying to solve their customer's problem, and some companies' higher ups can't be reached you always have to talk to a "representative" (a really crappy one at that), but with Real Estate Arena you can actually speak to the founding father, which is Peter.

Even if you could afford all cash down so you have no mortgage, you still are left with taxes, utilities, management, maintenance, vacancy loss, and the list of expenses goes on and on.

Make sure this will be enough to afford that new A/C unit next summer ;) (my luck, the AC would go out in the winter, go figure.lol)-if the property is any decent size, maybe 1ac+, i would look for the following: wetalnds/ floodplain, utilities, buildible terrain, etc.

City utilities, or not?

My father and I have been investing in real estate for many years now.He's now just retiring and I'm going to try and pick up where he left off.I own a custom home electronics company out here and I just love everything about real estate.We do all the high end electronic toys that most people dream of.

The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.

Now it is an REO property being sold by a local real estate agency.Because we were REALLY excited about possibly getting the house we always wanted, we got a buyers agent and we put in an offer at the full asking price, but just asked that we be able to have utilities turned on (the house had been abandoned) so we could get a proper inspection for financing. 1.

"Flips" or anything you resell within a year of buying it (without utilizing a 1031) is taxed as ordinary income.

If our services would be of value to any of your customers, feel free to contact us for more information or check out our website.Michael ToddAbrams, Lapham & Todd