Cleared, cleaned up What was the outcome?

The deal fell apart, and not only did we lose the $5,000 assignment fee, but we also lost the $5,000 we had loaned to the sellers, who admitted they knew about the second loan but never disclosed it to us.When we asked the sellers to return the money, they told us it was already spent on Christmas presents and moving expenses, with no intention of repaying us.This experience was a painful wake-up call.

Brokerages may need to adjust their business models, which could open up opportunities for cost-efficient, flat-fee models or other discount real estate services.

SITUATION: SOLD the home under a LEASE OPTION (or it could be even a WRAP AROUND Mortgage (or Deed of Trust) type of sale.They PAY US (on our LEASE or the Wrap Around Note) and We pay the underlying 1st lien lender (serviced by Shellpoint)PROBLEM:The Value of the property has gone up a lot.

Preamble:  We don't announce that we are the owners, we don't hide it, but it never comes up.  

If you don't mind fixing up rough properties, we have found good opportunities in southern Virginia, we do a lot of renovate and hold in the Martinsville area

I’m at prime they would go up to 80% on the LTV.

There are some platforms where you will need a channel manager those costs vary by who end up choosing.

Here are the numbers:Purchase - $70KRehab  - $50KARV - $180KCash out refinance - will get 100% of my investment back or pocket up to $15KProblem - I am estimating that my monthly cash flow will be about $100 a month.

@Seth Baumgartnerare you able / planning on going out to Cincinnati to see properties, set things up, and then make periodic trips out to oversee everything?