Properties auctioned at foreclosure get screwed up more often than you might imagine.

I can't imagine what you're paying in bulk.

but I imagine the only reason i was able to get it was their bpo was low. we only bought 15% below their planned listing price, and we sold it for 25% above their planned listing price.

I imagine Amy is talking of the USDA rural housing loan..there are no seasoning requirements..I have just flipped 2 right outside of cincinnati within 30 day..one with a 62% profit..there are certain location and median income restrictions.

I work at a law firm, one of the partners told me they would draft the purchase agreement (including and/or assigns) and then also the contracts for between me and the investor. it's a good idea because a local lawyer should know things you won't even think of (like including a statement that they must not remove countertops or a garbage disposal, things you really may never even imagine but that people will do to screw you out of an extra buck)

I imagine that any landlord not enjoying positive cash flow would not last too long.

As you can imagine, the construction business isn't in great shape right and I would like to have some alternate income sources when the next downturn comes.

I can't imagine him being nothing less than proud of you for that.I still have a hard time getting my father to understand certain creative techniques but he sure doesn't mind that I pay for everything when he comes to visit once a month.

I would imagine a "forfeiture" clause would solve this no?

This allowed for the tenant buyer to roll in closing costs, and come with little or even no money to the closing table when exercising their option.I would imagine that some lender out there still has some similar way of treating a lease purchase.