I think under a land contract there is language that specifies that the buyers in the contract are the responsible party for that aspect.

Might be good for a non-profit, but I don't see it all in the commercial aspects of RE.

There are aspects of the rehab that must be done so cutting costs can only be done on the most important features of the rehab.

I feel better about my offer now.And thanks also for clearing up the tax aspect of it.

I told him, I am fairly confident in my knowledge of all the other aspects of this deal but closing is something I am learning on the fly!

It has had the greatest impact on the financial industry since 1939 I'd say, it's not just another regulation but impacts all aspects of consumer financing from student loans to credit cards to mortgages, it's a big deal.

Define "fair cash value".In your example, you are stating that after using the 70% rule based on ARV from comps, your offer price, after taking into consideration repairs and your assignment fee, is that the home may be purchased for less than what your calculation came out to be.

Depends on what aspect of REI you want to get into, but the only thing I've ever needed was BP.

I've searched several avenues and haven't found my answer, and this thread is relevant, so I'll ask here.I've seen "F&F" mentioned many places on the forums, but I don't know what it stands for... can someone define it please?

In the end Im not interested in spending time "proving" it, I just want to ring to take a situation in which NOONE from a regulatory aspect even ask a question to at least making someone ask questions.