Hey James, sounds like you potentially have a great source for deals. 

I've heard from some of my sources that the owner made renovations to the condo and those costs may be attached to the property.I basically DO NOT want to get burned with this purchase so I'm trying to find out as much information as I possibly can BEFORE bidding at the auction.

q=minot+flood&sxsrf=ALeKk00Ftlm9yGurzuw9NxSsBU-IOV0PEA:1584298377758&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj32piwk53oAhVOCc0KHU9MCKUQ_AUoAXoECBAQAw#imgrc=jU0Y4_tUg8fsPM) Hence why all living quarters are on the second floor and the drywall in the garage looks new.

Upon payoff of a loan, an LOC would be opened just as a backup source of liquidity.My question is at what percentage do I draw my line?

It's really about your level of risk tolerance, and your ability to raise capital from other sources.

I know this website is a great source for connecting people but I wanted to ask how did you get involved with this business?

Plumbed with macerator to connect to main-house plumbing.Kitchen- framing to finished again plumbed to the macerator.Large master bedroom with walk-in closet- framing to finishAll electricalIn-wall heaters in both bedroom and bathroom (The only source of heat was the existing pellet stove down-stairs in living-room) Upgraded heating to MiniSplit system upper and lower level NOV 2019 What was the outcome?

Another option is researching homes on list source or another provider to locate properties that meet your criteria and reaching out to them directly.

Personally I'm very conservative and look at 100+ deals a month across all sources and may end up investing in maybe 4 or 5 at the end of the year total.

Hi, wondering if there is a book or link to follow related to real estate tax benefits. I know it depends on the individual /family MAGI, but what is the limit, slabs and does any other factors involve here ? just t...