This will lead to many benefits.4.

A sturdier railing on the steps leading into and out of the unit would be good.Since you suspect that this tenant could very well be a long-term tenant, simple adaptations may pay off in the long run.

Your last statement leads me to believe you're looking to 'flip' properties.

I have not yet created an LLC, which leads me to question 1.

One thing I've been doing some research on and haven't gotten a definite answer on yet but I am 80% sure of is the VA loans are only authorized while you are an owner occupant (it can be a single unit in a multi family).

Originally posted by Al Elliott:well i know targeting buyers that don't search the mls is kinda rough since most savvy investor with deep pockets have access directly or indirectly so how do i alleviate this situation, especially if its a cash buyer that is an agent as well If your target buyer is an agent (or otherwise has MLS access), you're not going to be very successful wholesaling REOs.As an example, I'm an investor with my license (I have MLS access), and while I've gotten lots of "leads" from wholesalers on REOs, I've never had a lead that:1.

It's based on too many assumptions that may or may not be true, and can lead to both overpaying on a property (to the point of not being able to generate a profit) or under-bidding on a property (to the point of not being competitive and not getting any deals).I much prefer to use analysis techniques that take into account the actual cost of capital for the individual investor (are you using your own cash, borrowing hard money or something in-between), the actual cost of commissions and closing in a given demographic (sometimes the seller will pay buyer closing costs, sometimes not), the actual time you expect a rehab to take (a six month project has vastly different holding costs than a two month project), and the risk on the project (is 15% return enough or do you want 20-25% returns on more risky/costly projects), etc.70% rule is lazy (IMO) and while it's fine for a first-pass analysis, if you use it to make buying decisions, you may find it impeding your success.

you could raise rent to cover it, but that may get you fewer leads.

Even though usually the possibility of a short sale will lead the lender to postpone the foreclosure date.

it will also lead to more investors jumping in;albiet haphazardly...but could impact prices.