Through the years he learned to sweep in and out of it to keep it clean, make basic repairs and eventually manage the property.

Basically, all the work they do (100% of the work) provides them the exact same amount of ownership as you would get from contributing 100% of the cash.

I ask them the basics, PM rate, how do I get paid, how do they fix issues with the home, at what amount would I get notified before they fix something in the property, and others.

The basic principal for us is that we don’t care much about cash flow, although we do like to break even.

So i was talking to a lawyer about my business model and i asked about double/simultaneous closing for wholesaling banked owed property, he basically told me that its not possible, there is a 90 day seasoning and why would a savvy rehabber investor who has access to the mls go to you for these properties. so here is what i propose to investors that wholesale banked owned properties, First off how do i get around the 90 day seasoning, if there is any seasoning and most savvy investors has mls access so how would i make reo properties attractive to an investor with mls access, what properties on the mls should i target

I seriously think that some landlords (mainly talking about typical private individuals here - not larger management companies) forget about the basics!

I've been analyzing some deals and the possibility of using Homepath financing.I know and have looked up the basics of the Homepath program but wanted to hear from BP nation your experiences and thoughts.Also, has anyone been successful in getting the asking price down significantly or is negotiation limited because these properties are government owned?

Hello again,Does anyone know where I can get a basic income statement for a SFR I am trying to refinance and the bank has requested one.

I immediately stopped investing the retirement funds and basically asked the IRS to "audit" exactly what I was doing to determine if it was legal; basically, if you initiate the audit and it turns out you did something wrong, the IRS will tend to be a lot more lenient than if they initiated the audit at a later date.

I've never believed in the percentage they stun your income since there are too many variables as to what your actual expenses are, your job security, your age, your safety net, your reserves, etc. etc. etc.