Which brings up anouther risk consideration, dispersion of contingent liabilities, if one tenant has a large fire in one unit, the whole complex could be closed and red tagged, not only might you lose income from one unit, it's possible to lose the income from the entire complex.

These are considerations that the buyer needs to look at and has nothing to do with the book value the bank has.

Secondly, the point of a BPO agent or an appriaser being there is to evaluate the the following:: •Square footage of the home •Size of the lot •Year it was built •Materials used for the exterior and foundation of the home •Improvements made to the home (including materials used) •Comparison to three similar properties in the area •Local real estate market evaluation • Major structural damage or repair findings •Evaluation of the neighborhood Are you not going to take into consideration an independant licenced home inspection report?

I grew my business to the point of being an admisntrator of my overall business and had others cranking the work, had I kept going I might have made more money, but that was not my goal, doing the deal, having hands on and assisting people was more important to me than having brain damage as an adminstrator/CEO.Many other factors come into play, your age, family, where you do business and the market potential....tons of considerations in setting your business goals.

And the selling price to your buyer would be more than your purchase, making for a nice payday when you sell.That ignores the reality of rentals and their true expenses, but that's usually not much of a consideration in a quick concall.But who knows what was said.

Some times a search will bring up a large number of names and it can take a considerable amount of time to review each of the profiles.I don't know if others might also find this useful.

Hi, I do not disagree with Don, that is good advice and all true, but just to drill a little deeper, you don't need to have an earnesat money deposit, but what you will need is an Option Fee or consideration to enter into the Option Agreement.

The definition of a broker is: Any person, partnership, association, or corporation that sells (or offers to sell), buys ( or offers to buy), or negotiates the purchase, sale, or exchange of real estate, or that leases (or offers to lease) or rents (or offers to rent) any real estate or the improvement thereon for others and for a compensation or valuable consideration.

There are different QC deed forms, but it is for good and valuable consideration, or maybe ten dollars, it's a token amount that meets the requirements of consideration being made by the grantee to the grantor.

We all know that's baloney, though, since there are usually other considerable costs in selling a house.Since I am not in Houston, I can't say what the house is really worth fixed up, but I'll wager it's not $275,000.