yo must have the correct contruction company doing the conversion so that it is marketable at the end.

The people who once lived there leave the house a total mess, including leaving furniture, dishes in the sink, rotten food in the fridge ect.

Maybe the others that tried it didn't do it correctly.

This allows them to pull out some quick cash towards their next purchase.The beauty of it is that they can do this repeatedly until they have enough cash reserves for the serious investing they really want to do and if they've purchased correctly, which is the only way we let them buy, they can sell it back off and/or rent it out and still make a solid profit.If you know how to buy right, this could be a great option for you no matter how little cash you have at this point.

I want to ensure that we follow the correct procedure before hiring our new Manager.Any information that you can share would be greatly appreciated.Thanks!!

welcome to the board ophri, Ryan is correct, I am in the Atlanta area, if your interested in networking Let me know.. these guys are great, your in the right place..

yep - you are correct.

Looks to me like they are marketing the whole project as an investment....with hundreds of investors buying these properties, correct me if I am wrong, with so many for sale it will drive the price down.

As long as they file w/IRS correctly , Everybody wins.

i know there is A LOT of real estate for sale up there...but you have to watch, as appreciation values are moving NO WHERE.just food for thought.