Auction.com is hired by banks to sell assets to highest bidder through quasi on line auctions.in some states LIke Alabama they are actually the criers at the public court house auction.. if not sold there then those assets are brought into the loss mit departments then listed with auction to be sold on line at some point in the future.I like it as they require actual money to buy this stuff as in you need healthy deposits and REAL POF's and you can't assign contracts etc.. so it mitigates competition with the no money wholesalers that are out there by the millions  LOL.. 

It sounds like you get overtime pay, and you are trying to figure out how much your are actually receiving if you are losing RE deductions?? 

Pretty typical seller at 10%, your idea of 3 to 4 % is actually more in line with the actual value of that option, at that price range, over that term (1 to 2 years), and you sure aren't buying any cash flow!

My boyfriend is the one who had the actual experience & his parents are ready to retire (they are the actual owners) they are willing to train me in the day to day to operations plus the business side of it .

I am all for not collecting them to reduce liability and making the credit check a soft inquiry so it doesn't hurt the applicant but if you collect the SSN when signing the lease how do you verify that it is their actually SSN and not just a made up number?

I'm not really involved in that aspect of it, so I'd hesitate to endorse any particular company because I can't actually speak to how good/bad any particular company is.Google searching "Loan Servicing TitleCompanyName" is a place to start. 

Do you base your ARV on the actual finish level you plan to use or the full potential of the house with upgraded finishes? 

I was giving an example based on property value from cma's, appraisals and the actually current rent. but I wanted to learn from you. 

It was actually a life saver during some difficult times.There are people who are against homesharing and they "say" it is illegal, however what I've heard from the city is that it is illegal for landlords to do it and illegal for it to be done in RSOs. 

Hi everyone - Im actually looking for something very similar - a wholesaler or realtor with investment background to locate a property in need of rehab that we can house hack - live in and fix up while living there.