So I was under contract on a house that we were about to fix and flip and the owner of the property was already old and on her death bed but she had her daughter as power of attorney.  

Relationships are the most under-valued and under-appreciated commodity. It has been written that your contacts equal your contracts. A lot can be said about a person with few relationships. I believe that all relatio...

But however, high salaries doesn't mean all that much when it comes to your financial freedom.

Basically it's a meter that the owner is responsible for, usage for power for anything that's not directly in the tenants unit.

Its not the agents responsibility to figure rehab cost that would be very bad for an agent.. and the investor knows the comps and knows what the homes are worth when rehabbed and what they rent for.. asking an agent to figure this out for the investor is ( well just means your not ready for prime time and you as the investor have not done enough home work and are trusting others when you should never trust others).At the most a good agent that is choosing to work with investors  should present the deals.. and the comps.. its all done for you on the MLS.. you provide that info... that's it.When one of my newbie agents walked in all excited about this new buyer that wants to build a power team and wants to start shot gunning offers.. my response was  get the investor in here I want to talk to them personally... ( my goal is to not burn out my agent with a all hat no cattle seminar or BP Newbie)...

You need more than just a Will, you need a health care directive, a person that would have Power of Attorney if your incapacitated. 

That's when I learned the power of a well crafted lease (more important than a good property manager).  

Its a short read about how money works in the simplest terms possible, and since REI is all about financial freedom, it really helps to lay an intelligent groundwork.

If you do decide to buy, the FHA loan program for owner-occupants is a very powerful tool.

Has anyone ever wholesaled a property through a substitute of purchase aka power of attorney?