So how do I get this million dollar deal under wraps, because I am really ready to be rich and I plan to have 5 million by the end of the year.The way you have presented it to your wife is going to have an effect on the way she feels about it.

The tools of the site allow people to do this in a manner that is much easier than traditional networking methods.For example: Say you're looking for a new contractor for a rehab you picked up.

If you send out enough effective mail youll get the leads you need...Just be glad youre getting the mail back so you can stop mailing them..Michael Quarles

Purely, due to the fact that the REO is now a liability. 90+ days plus should be a starting point.Private lenders, pre-foreclosures(use for identifying property, make reserve bid never know may get it, most auction properties go back to banks anyway) and auction liquidating brokerages(most effective when looking for multiple properties).Right now there's a huge inventory of REO's new one's hit the market everyday may be a venue worth for you to pursue

She is in effect subsidizing her tenants.

The idea being that the return on the future years is in effect lowered.What I do not know is if the IRR calculation you are doing factors in the cost of the sale and the tax implications.

As far as a 1099 yes the lender will write off the loss and send the debtor a 1099 (almost always) which is treated as income and taxable by the debtor… However, there is a new law that just went into effect and under the right circumstances it makes it so the lender can not 1099 the debtor.

The 2% "rule" is just a screening tool that says a residential rental property must generate a monthly rent of about 2% of the purchase price if it is to have an acceptable positive cash flow.

In my county they have a comparable analysis tool that will give you comps.

My friend/partner want to buy an reo together.

parter has 750 credit score.

I have 652 credit score.

If we we both go on the financing will it lower he's score?