Six more banks failed today (4/15/2011) ..... or should I say were closed by the FDIC.Two in Alabama, two in Georgia, one in Mississippi and one in Minnesota.Brings the total bank failure count to 34 with Georgia way out ahead of the pack with 8.In 2010, 157 banks failed.

I'll be managing the process; thats what I consider my position to be on this team, besides the obvious financial backing.I may succeed, I may fail....

Unless the buyer fails to improve credit or meets other obligations the buyer defaulting due to the structure of the transaction could becomea liabilty of the seller, related to preditory lending practices.I suggest you not use a lease purchase arragement and go with the contract for deed unless the installment contract is not allowed in your state or your lender will not allow it.

~Walt DisneyI quit being afraid when my first venture failed and the sky didn't fall down.

you will fail, and you will succeed through your failures.

If the house fails on 1 and 2, or 3 and 4 are true, then if 5 is true, then think hard about tearing down and rebuilding.

Has had 2 offers, one backed out (don't know reason) and the other one's financing failed.

My attorney in San Antonio sued this guy and informed me that Armando was sued by many others for scams and failed RE ventures.Anyways, for those who are new to RE, DO NOT be fooled by these RE gurus and their marketing and sales tactics.

If I replace the cabinets/vanities, I'll always replace the sinks as well;- I will almost always replace the front door;- I will always replace any windows that are failed (fogged up);- I will replace all doorknobs, outlets, switches, outlet covers, switch plates.

With one you take on liability not only from tenants but also with the owner, who may be more inclined to clean your clock if you screw up or fail to inform.