I'm taking a "Flip It" class now, more for the people contacts than the material since I don't flip.

The average rental (4 to 5 beds, 1 to 2 baths) on this street runs from $800 to $1100 without utilities.3 out of 4 bedrooms are under lease and will be renting out the fourth bedroom as soon as I find a second property within my target range.

Hey guys,So recently I had the winning bid on a hud home, the home was a little out of my budget but I could afford to buy it, I would have just needed to make a loan for the rehab materials using the property as collateral.

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After materials, fees, ect.

You can either look around online or go to Home Depot/Lowe's to get an idea of what materials will cost you.

Cash only" tells me that the condo development no longer qualifies for conventional financing (too many investors/delinquent fee's/ and/or other issues.The selling agent may not be able to disclose too much info to you, but you have a right to know about material facts that affect the property.

Three items top the list in this scenario: 1) inquiries to get new loan; 2) age of the new loan; 3) increased utilization.

They have experience and good references.The problem with property managers operating on a "time and materials" basis with their maint. staff, is that, regardless of what they tell you, they have no incentive to hurry (in fact, just the opposite, to keep these employees busy at your expense).

For a proper assignment you will, for one thing, need to recite the subject property and that lien being assigned, I have never seen a draft big enough....LOLThe lien holder will have to execute the assignment agreement and endorse the instrument representing the lien, like a note.Some liens can be acquired by law, like a tax lien or paying a materials lien depending on state law.