Now, one can lose money in this one, to be sure, but compare that to the deal in question.

Personally, I have his ebook and found it rather "skimming the surface" or wholesaling compared to other programs I've purchased.

Maybe the moderators can lock this thread so everyone who is interested goes to the other thread.The other thread does have a lot of activity compared to here.Thanks in advance.John Corey

The logic is you want to compare what a building produces in terms of income independent of financing.

Hence the IRS has a bit of extra protection compared to other junior liens if and only if they want to bring cash to the table and redeem the property.John Corey

You also might have a harder time motivating agents to bring you deals if they have to split a commission with you compared to taking it to someone other investor where the listing agent keeps both sides.2.

As AllCash has already mentioned (you have quite a memory there 8) ), the PMI drops off at 80 LTV (loan to value)---based upon the figures you provided, your current loan to value is 88...There is no benefit to a rate and term refinance at this point, if your intent is to eliminate PMI...There might have been a time when comparing a refi option with LPMI (lender paid PMI) might be feasible, but in the absense of more info (and prevailing market conditions), you might be better off leaving things alone.Regards,Scott Miller

BP is full of reliable REI professionals, with extensive backgrounds.

If so, how does the preliminary HUD compare to the good faith estimate. 3% seems like a lot (% wise, it might be nothing in $).

So the investor would get multiple bids from each subcontractor, pick the best based on all factors (price, reliability, professionalism et al.)