Before that the maximum fine was 6500.00 per occurance and 1.25 mil total fine per year on a lender.

I was looking at a property in a very desireable neighborhood in my town, I can get the house for 60k and the owner will hold 50k of the mortgage, there is however around 35k of work that needs to be done in the home-...

I plan to spend $3000 on the rehab. for a total investment of $16,000.

I did all the searching for the homes on-line, called him for the lockbox codes ( yes that's not completely Kosher , but he new I am totally trustworthy) and he simply meets me at his office for the paperwork and potential closing.All in all, build a close honest relationship with one or two REO realtors (or just realtors in general ) and you'll do well.Good luck!!

it's a numbers game.if you want to do 60k this year (remainder of year) you'll need to do say 6.6 million in total volume - in order to achieve this, you'll need about 5 appointments a WEEK.

Hopefully Bigger Pockets can help alleviate at least the second hindrance — if not totally by new-found knowledge, then by a swift, albeit motivational, kick in the pants!

He said, however, that he is “upside down”, so he must have re-financed once or twice enroute to a total current tune of some $210-215K.

The best deals being total rehabs.

I swear if I had given them $50 gift cards they won't have been so appreciative.AFTER I finished installing them all at my properties I came across on a totally unrelated item which required that I look up some electrical code...Specifically 210.52B1 and 210.52B2, which states that SABC along kitchen walls counters and floors are to serve small appliances - toasters, coffee machine etc...and can't be used for anything else - not even be used for a desk lamp or under cabinet lights...HOWEVER, now we have USB receptacles built in on these receptacles so even they have small amp draws, technically it's a code violation!

(3 hours total) Outside of that I think we have gotten 2 - 3 calls this year for repairs outside our monthly visit.We have also developed a relationship with a local handyman business.