I found a deal for a single-family in a Chicago upper middle class neighborhood where the purchase would be $140K and rehab would be $80K and conservative ARV is $350K.

The numbers are very important because it takes a lead that would other wise be lost because the MAO is far less than what the seller could finacially afford to bear.

The maximum fee you should make is the maximum the market can bear with whatever exit strategy you are using.

Every single bet is just a guess because whatever transpired in the past has absolutely no bearing on the future.

I have a list of troubled banks and I went and Googled all 150 or so and got phone numbers.I even have a buyer who wants to buy REO in California and Chicago but he is only willing to deal with someone who is direct to the bank and can get stuff done in days instead of weeks.

I was able to raise rents of at least 2% in my rentals in the the South Chicago burbs which seems to be on par with other comps in the area.

Bear in mind that's just the builder I am talking.

I wouldn't think to go into business with anyone without meeting and seeing what they say is true, but I can't visit a dozen+ people all over the US nor do I wish to travel back and forth (and bear the expense) ad infinitum.

In Wisconsin, by state law, the trust account was interest bearing account, and the interest was paid by the bank to the state, and that money went to support varous low income housing initiatives.I'm sure there are many flavors of trust accounts found throughout the country.

I've placed 20k of that in an intrest bearing account for tax time, and 4k of that in my new Roth IRA...