Some close friends of mine went to NOLA after the hurricane and bought every property they could get their hands on....

" - I only make offers in areas I know like the back of my hand, or areas Ive done other flips in.

If you think you will be able to assign the contract to an investor before your contract time is up, then I'd absolutely hand out the $500.

Well let me just say the lady's at the new branch are absolutely hands down the best people I have ever dealt with at a bank.

Then of course one could have gutted kitchen and baths expecting to remodel but run out of money before getting it done.Steve, in that case you show the hard costs of improvements, might support that with pictures, they can bite off on that, most likely though you just get another appraisal.And yes, I had a few rehabs handed to me, it can go the other way too. :)

So my ques is should I get a temporary power of attorney, Also realtor suggest that since I have done everything right on my end, its on them and I can close in 6 to 7 mths when I return is this poasable I would be Ok with it, on the other hand I slightly wooried about property basically being abbondoned for the next 7 mths suggestions please

I'm very interested in Real Estate Investing, and have found your forum and have been reading as many books as I can get my hands on.

On the other hand, just because someone read about this in some guru course somewhere, and filed one, if their contract was dead and they were playing games, I'd have no issue quashing it, and probably making them sorry they filed it.

A lease ties your hands much more than theirs.

But they sometimes also have legal fees if they end up becoming a judgment creditor and don't do appropriate due diligence before hand...And even to get to this amount of income it could take years to build this type of income.