Just assuming rents wouldn't be sky high with reliable cash flow. :)

But, I have noticed that in two towns that have comparable populations, amenities, etc, that similar houses in each town have a big difference in taxes.

I am told I will be pre approved because of the difference of money I made in 2013 compared to my 2012 income (Im self-employed).We started an LLC S-Corp & have not yet transferred homes there for fear of having to pay off the remaining equity sooner than our 30-year plan; I've heard in 3 years its possible?

Hi everyone. We're looking at a property we're thinking about buying that is located in a Flood Hazard area (as designated by FEMA). However the owner of the house next door was able to get a flood elevation certif...

To our Flippers out there:

I'm wondering about a few questions related to a CMA for a property you're interested in:

Would you always personally do a CMA or have your agent/broker do it?
How much time...

Problem we have here is that there are so many people that bid on these that there isn't enough spread for us to make these a reliable option for us.

I'm familiar with straightforward quick flips, but this seems more complex.Could someone suggest key protective terms to put in place, or a source for boilerplate LLC operating agreement language to compare against?

You could look at the market comparables for your triplex - closing costs - your current loan balance = your net proceeds or net equity.

How good of a deal is this compared to what you typically see/buy/find?

We just didn't have the knowledge to be confident in doing so.I have to say that BP is a great source of info and although some things are different here in Canada compared to the US market, I have already gained a lot of knowledge.