Think about it what if you close and it turns out the house is destoyed   Who is to say it was destroyed before or after the closing.  

That being said, having a Point of Sale isn't necessarily a bad thing, as it means the suburbs are generally less blighted than many parts of the city.

So, in the instructions it says, because I am the sole member of the LLC, I am a Disregarded Entity, which means the entity is disregarded as seperate from myself for federal tax purposes.  

But for me the best means of taking action has been networking with people in person.

So I want to change the property management on that property and since we haven't signed a contract with them I believe that means we can do that.

@Alex RandWhat do you mean by handle?

Hi Jordan, I'm not an expert by no means, but I purchased my first Michigan rental property in Hazel Park.

I mean if you find a property that you get under contract for 100K, and you estimate Repairs at 25K, and that you can then sell it at 200K, why wouldn't the wholesaler do that all themselves?

The unpaid mortgage balances after receiving any FEMA money or insurance payouts (given they even had flood insurance which a great deal of them didn't) would mean a foreclosure or short sale process.

Hey folks,Closing on a retail space at the end of September and have interest in renters who want the space for a two-three year rental commitment, but not until December...that means two months of vacancy in a hot downtown retail space.