This question lumps the quality and applicability of all degrees together.

Landlord has very quality products and information.

To have a valid contract you need to know the requirements.If you are buying an option you must pay consideration for the option to be valid.For a purchase and sale contract that shows there is earnest money as part of the contract not paying will break the contract.Not every deal will require cash but you do need to know what you are doing when using standard forms or custom contracts.You do not want the end buyer being able to go around you because you do not have an enforceable contract.John Corey

It relates to amount of inventory in the area, the quality of the specific units, and the general economic climate for that type of property and in that locale.

Repairs and maintenance done piecemeal (and often at "afterhours" overtime rates), and especially low quality repairs that you end up Re-doing in a year, will break you.Or, you take into consideration that when it was new, the property had a design life of 40-50 years, and now, most of that life is used up.

In fact your taxes have covered 210 000 € of the value of the apartment.Usually, these apartment are renovated under the highest quality materials and man work because they are historical and you can rent these apartments for a greater value than normal ones (20-25% more).

Originally posted by "REI":Standard formula says:((ARV * 70%) - (all buying costs + all holding costs + all selling costs + all repair costs + contingency)) is the maximum you can pay and consistently make a profit.

The sub-prime meltdown has caused a lot of hard money lenders to tighten their standards.

Hey all,Im glad to be a new member of this great community, ive been reading the forums for a few weeks and its amazing to see the tremendous amount of quality information available here!

Common in HI and in other places.It could be the document is standard boilerplate that has clauses which make no sense in this transaction.If you really are not sure it is best to have a lawyer read the contract so you can get a qualified opinion.