I looked over the upcoming training schedule and some of the classes offered (almost all are two hours) include: Your Castle Career Launch, New 2011 Contracts, New Agent Orientation and Power Tools, Denver Metro RE Trends,Ninja Weekly Agent Coaching Boot Camp, Career Mastery Instruction, Advanced e-Contracts, How to Buy a 40K Condo That Cash Flows, How to Capture Investor Business and Advanced 1031 Topics, Public Trustee Class, The Contractor/Realtor Relationship, Networking With Confidence, Buyer Mastery Class, and Avoiding Inspection Pitfalls.

The power of BP demonstrated 1st hand.

I have 10k that I can bring along just for any unexpected circumtances.Goal buy and holdincome: $2100 ( incl 7% vacancy rate)expenses: PITI------- $1200Please help me on structuring the offer to him.

The owner has appointed family members who live in another state as Power of Attorney to handle this sale.

Hi, I'm working on my first wholesale deal and I would like to know if your wholesaling a property to another investor in the same state as the property, do you still have to use a power of attorney?

Okay, I use the power of the Internet and I succeed with it so far, espacially in my Land Business :wink: You can do articles, clasified ads, blogs...ect, But to find a powerful and VERY effective way it may be Time Consuming unless you have the right coaching and training program for it Sorry can not share more :oops:

He told me it had been vacant as long as he had lived in his house, SEVEN YEARS.There was no power in the house and when I called the electric company to turn it one they told me that there was no house and HAD NEVER BEEN POWER THERE.

There were also some gouges in the tile from a bed frame with metal feet. 2 hours with a power buffer and a total cost less than $200, and the entire floor looks like new again.

As first time investors this gave us some comfort that the mortgage was fully covered even if we incurred unexpected expenses or vacancies. 

Could be more difficult to cash flow as an investment property once you move out (if not renting out by the room)More affected by a vacancy (if not rented out by the room)More labor intensive if you rent out by the room.Not able to apply rental to increase buying powerMFR ProsPrivacy/separation from your tenantsStill have the ability to rent out rooms in your unit for extra incomeLess affected by vacanciesAbility to apply rental income to your income thus allowing you to increase your purchasing powerAbility to scale fasterMFR ConsMore expensiveCan be difficult to live rent free in high cost of living marketsCan be more difficult to sell (but not always and/or if priced correctly)Lending rules change when purchasing multiple units