There are several important factors that qualify the property for these loan terms. a. debt service on the property b cap rate c. any neglicated maintenance d. credit of borrrower e. type of property

It started off with a very motivational background which certainly pulls your interest in.The find it chapter was extremely helpful it came up with good techniques and it told you how to put together your "team".The Fix it part also had great insider tips, different styles, ways to maximize profit.The flip it part was a little vague, there was good detail in closing a contract but it seemed to be lacking a few things and just touched over other more important parts.I'd definately recommend the book it does a great overall background in flipping from start to finish.

When partnering up with someone its important that you spell everything out on paper, that way all parties know what they are getting into and they are no surprises.Partnering up with your girlfriend may or may not be the best ideal only time will tell.

Any late payment affects your credit score which is extremely important at borrowing time.

That's my belief aboutthe Law of Attraction.But let me say this in general.In investing (or in my case -- trading Forex) it is important to notsecond guess yourself, and to forgive yourself for past mistakes.This is important because we all make many, many mistakes.Each one was a decision we made with what -- at the time -- wasthe best information we had.

I have read 6 preforeclosure real estate books, but some of the most important macro questions don't seem to be addressed in them.Investors are ultimately looking for a deal that has equity and you can flip with at least a 20%+ profit margin (unless you are doing a short sale).Question #1: If that's the situation, why wouldn't the home owner just sell their house and do the same thing?

I believe that taking on a small rehab located in my area would work best for me given my experience, time and more importantly - cash.

that's it.Don't skim over the most important thing I wrote.

Looks like great stuff with some real important links.

I think it is important that we've been able to continue to maintain a high standard for the forum, even though we've got a huge userbase.To all the new members, Welcome!