It might be that they are operating over the line and it will be a matter of time before it blows up.

Here in Calif, you would file a mechanic's lien with the county, however without a written/signed contract there's virtually nothing to substantiate the claim.

I think that virtually every comp is now irrelevant because the mortgage rate environment is so different.Maybe I am chicken little who thinks the sky is falling but if we don't reevaluate the deals we have made offers on already, we may end up with approvals we can't resell.I think prices in general have to adjust down big time in one click just like mortgages adjusted up in one click.Yes, maybe the loss mits will not agree with our new valuations just yet but such is the nature of SS.The great deals always come at the END of a crises.

But I am also a big proponent of Buyers Agents and I certainly recommend their use.Learning the arena in which you plan to operate is paramount.

I’d also like to learn more about starting a timeshare operation, resort or not, laws, upsides and down.

A contract can not be enforced if the act is illegal.A good attorney may advise a different way of operating so that you are a principal in any deal you do.John CoreyPS.

In my previous post, I was merely stating popular misconceptions that were created due to the actions of a relatively small number of criminals that operate freely within your industry.

We feel like our first order of operation will be to find a good banker (after some interviews) and from there we will know our best mortgage option and we can start looking into a certain price range in a certain location as well as finding a good realtor.

In the United States, operating expenses run 45% to 50% of gross rents.

IMHO, estimates provided by contractors, licensed OR unlicensed, corporate or one-horse operations, are pretty much a crap shoot.