has anyone tried this?

http://residentrewardsprogram.wordpress.com
http://www.mrlandlord.com/renttalk/

We've closed numerous short sales with Bank of America as the short sale lender.

Cab companies use this type of LLC many times, where one LLC has numerous cabs and each cab is its own entity LLC for protection of the main LLC and the other cabs."

Anybody that achieves success strictly wholesaling, over exceeds the mental and emotional fortitude necessary be successful in most other aspects of real estate IMO.Wholesaling is NOT an easy task but with a definite purpose, a plan in action, determination and perseverance, it can be done and can be very rewarding.

Not impossible, but I'd suspect they redid kitchens and baths, painted numerous times, replaced carpets and the like.

(if the bank accepts the offer of course)The objective here would be to avoid the bidding war from numerous buyers submitting their highest and best offers and eliminating competition by you being the only offer to the bank.

But, that's where a lot of my perspective comes from.That said, most of the "bonuses" we offer are based around long-term motivation as opposed to tactical rewards; in other words, keeping the crew happy in general as opposed to rewarding them for a specific task or job.If you can do enough properties to keep your contractors fairly busy throughout the year, a lot of this motivation will come naturally -- good contractors who know that performing well will generate a lot of extra work will tend to do the right thing because doing so will mean lots more work in the future.But, there are plenty of other things we do to ensure that our contractors would rather spend time working for us (and doing a great job for us) than working for someone else or not doing a great job for us:- In terms of financial bonuses, we like to mix it up and keep our contractors hoping -- as opposed to expecting -- incentives.

There is more reward but more capital outlay and risk as well.In Atlanta 500k would be considered on the expensive side.Unlike what J Scott does you would not be selling to first time home buyers as your target.You would have to overcome many things such as what J Scott mentioned in finishes and also the fact that the buyer pool is much smaller.You most likely have buyers that need to sell the home where they moved from.If they have to buy yours even if they can afford two mortgages they will want a lower price purchasing to make 2 payments work until their house sells.So I would have extra deep margins so you could fix up and then list fast at a great price to attract and all cash buyer moving to the area.If normal days on market for 500k is 5 months then back down to where you could unload in 1 to 2 months to get a price that will work.

Use this to dictate your advertising, it gives you straight numerical statistics.

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