Just understand that PMC will probably start eviction process, so you will NEED an attorney to protect yourself from an eviction on your record.

@Min Zhang I am actually reading that book now, and have found it to be quite helpful in starting to build an understanding of what it takes to succeed in investing out of state!

It does suck how 30 Year fixed rates don't exist but, I totally can understand why.

@Vinh NguyenI am not an attorney but as I understand it, if cash is accepted as a portion of a home sale that isn't reported to the government, it is considered tax fraud.

Although I plan on having a title company run a title search and run and O&E report on any property I plan to bid on, I've still spent a lot of time understanding the typical foreclosure property due diligence- looking up the owner and property details on the PA site, looking up the various public records, liens, etc. and trying to understand the chain of title as much as possible.

Interest rates are one variable of many that make up good investments and investors that understand that and work alongside it will be able to continue to create palpable returns. 

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.

Understanding the price per unit can help you make informed decisions about renting or buying in the building.

When you buy this triplex, you are only our of pocket $500/mo for a similar quality of life, that equates to "$1,000 net cash cash flow to you", since you are effective saving $1,000/mo versus your current living situation.Hello Evan,I don't know why - but I really understand and appreciate your evaluation of my situation here.

Especially since I understand this project requires a variance.