Of all things to prosper in this economy, who would of thought that Americans are rushing out to buy SAFES.There is a run on safes in America.It makes sense, really.... a place to save our money, our valuables, our important papers....The scary part: there is also a run in another industry right now.

However, there's some additional information about 1031 exchanges that is important for you to know.

It's important to get out and talk to homeowners and other investors as well.

I am very pleased to introduce my business to the investor community here, but most importantly as a SOLUTION FOR HOMEOWNERS in the midst of the country-wide financial and housing crisis.

“assignment” is very important! 

Most importantly, it establishes the fact that the contractor is *NOT* an employee, hence relinquishing you of the responsibility of managing the person as an employee and paying associated taxes.- Scope of Work: This lays out specifically what work is to be done, in as much detail as possible- Materials List: This lists the materials that should be used for all aspects of the job, including where they should be purchased, SKU numbers, and anticipated pricing (if the prices are off, call me to figure out what to do)- Payment Schedule: This lays out when the contractor will get paid, generally using 2-5 draws (depends on scope of project and schedule)

Chris J there is no real need to modify the formula as it is important for comparison reason and back of the napkin calculations. and there are so many other things to consider when analyzing a property.

Then I started talking to some other investors I knew, and I quickly realized something very important: There are different types of contractors and not all types are good for investment rehab projects.

Being able to do what I want and having the freedom to do it when I want to do it is very important to me.Mike

I don't think that is happening in your area, but it may be creeping up on you.More importantly, seller financing helps your condo stand out from the others and you may be able to squeak out a little more money by offering financing.5k is a pretty quick rehab.