@Liz Brumerchalk this one up to some pretty lucky circumstances IE getting the Deed I Lui  good job doing that.. if you had not, foreclosures in FLA take forever and can easily be contested and would have added quite a bit of cost to your all in price.For these deals you need this kind of spread to make them worth while in my opinion you could buy 2 or 3 regular fix and flips and not go through that drama and make the same money in the same time frame.. but hopefully this gives you the experience were you can start to move up were you can make some big dollars.although big return APR wise still small dollars for all the time invested and risk is how I would personally look at this...

Anything going on business or development wise is covered in there, along with new building permits pulled.  

I think you should be able to use your retirement money as you please as long as you are investing with it wisely and not buying liabilities with it.Welcome to BP!!!

I think the wise thing would be to use him as a general on the first project, with no partnership, and see how that goes.

Banks became wise to these tactics pretty quickly.Even the small multifamily lenders I know the cut off for most is 1 million and very few 500k.

Originally posted by @Che Chiu Wong:To further @Steve Babiak's point, if a prospective tenant dares to give you a bad check during application, you know that his/her rent checks in the future will bounce in the future (ie. bad tenant).Well, you would certainly be wise to disqualify an applicant that tendered a bad check.

This guy you met off the dating site sounds like a wise man.So are you talking to a lender about a personal residence or investment property?

@John Ellis @Engelo Rumora @ James Wise

It is worth while to spend your money wisely.  

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