At the time we did not have a lot of capital, but finally found a bank that was willing to lend to us (rehab costs included), but we still needed something fairly cheap to be able to make the down payment and have funds left over for reserves and paying other expenses (utilities, insurance, mortgage payments, etc).

Ok so lets say that you are going to make a really handsome profit from an assignment of contract and still get your end buyer a good deal. What prevents the end buyer from just forfeiting on a contract right at the l...

Greetings all,
So, I have the desire. I have the work ethic to dig in and do the research, but...Where do I start? How do I identify and find information about a specific market? I am willing to invest outside my regi...

It took him 6 months to finally get there.

The bank taking the loss on the loan has the final say and often comes back higher than the sellers list price.You need to ask the listing broker where they are at in the short sale process and if they already have bank approval at that price.

Since buying is finally starting to pick up I think the fed will try to keep rates low for a little longer to just keep the buying trend going a little more before they start to bump them up, but I've already seen my rate bump up for a refi I locked in this week.

Old days, it was acceptable to execute a quit claim deed as a default instrument and a warranty deed to be delivered upon final payment being made.

One thing I was going to add was to also consider what effect the conversion would have on the value of the property, on top of the additional cash flow.Hope to see you post another analysis soon, keep looking!

The amount of information available on the subject is endless and I'm learning as much as I can everyday and feel ready to finally get off the sidelines and start taking action!

@Jon thanks for the analysis.