The top and near the hinges also needs cleaned.Living room blind needs cleaned better.Master bath:Streak of dirt on baseboard by toiletShower grout and tile need cleanedTub looks dirty, inside and out-needs scrubbed.Toilet bowl does not look clean.Bathroom blind needs cleanedHard water deposits on sink at faucet.Suite floor has many areas of dirt and debris in bath, in bedroom proper, in closets, and in the little hall going to the living room.

New owner now has a lein on property and can not sell it without paying the lein off, even though the debt was not their responsibility.Original owner/developer should have had language in the contract that states that all subcontractors invoices must be paid in full and proff of which to be presented prior to receiving payment.This is one of MANY problems that can occur without the proper contracts and contingencies.

Chris thanks for the info, chris i also found out that my thoughts were correct.there is no set value, the value of the property is based on what makes sense for you to achieve your investment goals (that's it).some will say to not rely on the cap rate for your purchase decision (which i agree), but to use it to compare to other similar properties that have sold in the area, which is actually not reliable because 1. there will be less comparables, 2. how properties were purchased vary from deal to deal, 3. the inner workings of most transactions are confidential.so the best way to analyze a deal (while using cap rates) is to add your financing terms into the picture (principal + interest and etc) and calculate what the deal is really worth to you.see the normal NOI/Asking price = cap rate is based on if someone were to pay all cash, this is the return they could expect first year, but paying all cash for a property doesn't happen all that often (bank funding will be use for a large portion of that cost).so i found the best way to use this formula and analyze my deals is by look at all factors but also including my financing terms with my desired return objectives into the picture to get a proper view and value to me.

Personally, I think it's counter productive and against the concept of free enterprise.

I need to know if there's any second liens products or no seasoning cash-outs available.Here's the scenario:Client purchasing home for $374,000 valued at $600,000.

I believe that Todd Morgan is clean, but he does not do proper due diligence on who he is associating himself to and he is just getting a piece of each referral, from what I can tell.

John Beck is just another Guru pitching a bunch of half-truths and falsehoods to sell a product.

If it's a cheap production home, it likely only has one color of flat paint throughout, cheap carpets, etc.After you consider all the costs it would take to complete the home, the price may not be as attractive.

The key is to buy right, manage properly, and to not over-leverage. 30% down is a very, very safe play, especially when you buy at a discount giving you even more of a cushion.

I was looking at both products too and thought I would chime in on the matter.