I can get a refrigerator to any of my units in about 2 hours.Fridges don't go out very often, and I've never had one just stop with no warning.

In addition, I wonder if he mentioned that EXPENSES also go up, and often at a pace much faster than rents?

We havn't had deals like this sense 1997 if that give you an idea of how often investors buy listed reo's.

As is too often the case, most investors only look at the ca$h involved today, not the real, long-term, value of a given product or service.When talking about "Buyer's Agent" and "Seller's Agent", the key word is "Agent"...as in the laws of agency and how they apply in your state, and in your transaction.In MOST states, ALL agents in a transaction are working for the Seller, absent any written Buyer's Agency Agreement.

In fact, with apartment buildings, I specifically target distressed properties (distressed owners) which are often occupied by crackers.

He said often times Mortgage reps don't keep up to changes in policies and they also give you false information just to get you to fill out applications.

How often do you guys have the seller get fired up that you are selling the property basically for more than what you bought it for.How do you handle situations like this.I am also wondering how often you get the hard money lenders to pay for the assignment fee, and how often the end buyer pays it upfront.Also, what percent of your assignment fee generally goes to taxes?

I see people with back up plans go back to work more often than people without.

Doesn't often pass the "smell" test.

Hope to be in the forums more often now.