The #1 rule in handling contractors: NEVER PAY CONTRACTORS FOR WORK NOT ALREADY DONE.

I wanted property manager since I thought he/she will operate the property during permit inspection, ongoing maintenance, rent collection, finding tenants & oversee property follow local rules and laws (as I'm out of state investor).But now I understand I've set the bar too high.

Here’s what it says: “Loans Secured by Real Property or Used to Purchase, Build, or Improve Real Property: If properly originated and negotiated, such loans are typically exempt when made or arranged by a licensed real estate broker.”Was your loan to your friend properly originated and negotiated by a licensed real estate broker?

There is definitely room for improvement there.

However, one of the worst real estate decisions you can make involving a single family home is to over improve it.  

I recently booked a single family home from a reputed builder in Frisco, Texas. Every year, property assessment happens in Jan/Feb months to get the new value. One of my friend told me that if the closing date is like...

I've fixed pretty much everything unless it was over my skill set (replacing capacitor on A/C system, for instance; landlord told me when I moved in it was okay to repaint or whatever as long as it improved the house), my neighbors love me - they've told him so; I've resodded the yard twice (FL grass sucks with a dog), had the landscape crew redo the trees in front so they look good, replanted flower beds (perennials), power washed the house every year after wet season ended, ensured the pest control worked...The BUT part ...As a sole practioning consultant (pre-IPO weakness remediation, large financial systems implementations, global audit recommendations for SEC registrants, etc.) at times during the last 3 years things have been sink or sink lower credit wise and the ID theft didn't help (apparently, I bought a car in GA and own some property in TX).

Hi all, I was reading some articles from Brendan Turner about buying right - how he looks to buy property at 70/80% of the valueIf you follow this rule, what are some rules of thumb you use to identify these opportunities? 

I was wondering if any experts may be willing to have a chat about the process I’ve developed and where I could improve or you may know of someone that I could contact to talk to about analysing multifamily markets?

The only logic of the Heloc I was thinking was that I'd still have access to it as it was paid down for future improvements or usage towards another property.