Hello everyone,just starting out in real estate investing and this site which has been a great read by the way.. so I almost fell for the bus tour 30k event in sunny California when I went to Armando's 3 day, $ 1,500 seminar in Cambridge ma last weekend... to be honest it was informative for basic flip techniques, but was so annoying listening to great he is at real estate investing, but I guess he is, I mean he has turn key properties for you to invest in which he already owns, then he owns the PM company that will be running your property so I guess hes making cash at every end of the deal !!!!

I was just curious how others would approach this situation...We put a deal under contract this weekend and when we sent the listing out to investors yesterday evening.

my RE teacher last weekend sent out a voice blast asking if people would rather a lease option or if he could do a rent to own and people wanted to say yesi dont get how it works thougham i filling their house up with tenants?

That weekend was told by my buyer's agent that utilities had not been turned on, it would be sometime the following week.

What I have is mornings, nights, weekends, and drive; I acquire under performing assets, reposition, and rent.

Hi Rob,I just found out about it this weekend but since I'm not yet ready to purchase, sight unseen, I decided against it.

Just as an FYI on timing it will be Memorial Day weekend.

Can you work on the weekends?

Safe at night.Purchase price + Closing costs = 13,000 cashCost to renovate + Appliances= 6000 financed at 12% interest with visaNew central HVAC = 4000 financed at 14% interest with signature LOC at 5 yearsAnnual insurance = $500Annual taxes = $600My time to rehab = every weekend for 2.5 monthsRent = $550/monthDeposit = $300Leased within one day of completed rehab.First months rent and deposit in hand prior to letting keys.ARV hard to pin down but conservatively = 35K-40K in current market.

I am planning to quiz our securities attorney about the nuances of this bill and likely SEC rules this weekend at our board meeting.