My marketing needs to be ramped up ridiculously but my budget has really started dwindling away because I took the leap fulltime.However, can you tell me how exactly the process should work when trying to wholesale a reo with a LLC in Maryland?

Fortunately I'll figure out a way around their ridiculous taxes because I have the ability to utilize the IRS tax code to work in my favor (like an employee cannot).

It is quite comical that the very people that ruined the political discussion by posting ridiculous stuff about TSA members masturbating is on here WHINING about OTHERS ruining the forum.

I feel that it is a little ridiculous for him to feel that he deserves 2% for selling a property that he did not sell.

Ridiculous.

Certainly not arguing with you about the fact that the upgrade should be done...just pointing out that as of last year, it's gotten more expensive than it was in previous years due to codes requiring more expensive materials.Seth (or anyone else) - If you have an inexpensive and reliable electrician in Maryland, I'd love to get his contact info...I've been getting some bids recently for new construction, and all the electricians up here seem to be ridiculously expensive!

I also happen to have the same debt to income ratio problem as you due to the 2 years of landlording experience needed to count your rental income, pretty ridiculous when you use a professional property manager.

Furthermore, I think that a major collapse is NEEDED to end this ridiculous socialist entitlement system that we are now living under.I am trying to be prepared.

This particular property is located in an A class neighborhood in a generally older aged community.Drum roll………and the numbers:Purchase Price: $154,000Down Payment: $5,390Loan Term: 30 yearsInterest Rate: 4.25%P&I: $731.07T&I: $258.33Closing Costs: $4000GSI: $20,040Less Vacancy: $1,603Actual Annual Income: $18,437Total Operating Expenses (maint, adv, garb, ect… included): $5,800Net Operating Income: $12,637Annual Debt Service: $8,773Cash Flow: $3,864 ($161 per unit/month)COC Return: 41.15%Cap Rate: 8.21%Obviously the COC Return looks ridiculous, and rightfully so, as I used a FHA with 3.5% down to secure the loan.

It is a ridiculously cheap upgrade, considering that it takes the place of a cabinet.