In these cases, the seller will have to fix the issue BEFORE you can get your final policy.Any lender who is financing a property (and taking it as collateral) will require this - so if you're planning to sell this property to someone who will need financing to purchase it, you'll want to be sure that the title is clear ahead of time (because if you don't catch the issues, someone else down the line will).On the other hand, if this is a rinky dink property that anybody can pay cash for (thereby keeping lenders out of the deal), you could probably get away with doing a simple title search IF you actually know what you're looking for, and how to identify problems.

Take a breath and spend a moment and write the actual chain of ownership of the mortgage down, line by line.

Bottom line...check your lease and see what it says.

J Scott is right on with the contract.Bottom line is time is money in the flipping business and holding people accountable to deadlines is a must.

And even if the appraiser does raise the value, the underwriter can do whatever they want -- it's their butt on the line if the loan can't be sold.For conventional, I believe they have some formulas they use for how much you can sell it for based on how much you bought it for and how much you put into it.

has anybody gotten business lines of credit of hawkeye management any pros and con

Bottom line for me is that it's totally not worth it.

I hope to learn a lot more from Bigger Pockets and I would love to flip a property but I would like to learn about how it would impact my taxes and affect the bottom line.

Originally posted by Carolina E:Lucy Rowens it's a scam, but I would be curious how he got your info.The days of sending blanket "spam" messages are dwindling and methods to detect and discard them are making this approach less effective.The "new generation" of scammers/spammers are using "big data" to mine many social media and on-line forums to build profiles on individuals.

We see too many people rush to do marketing, find a decent deal, and then blow it because they didn't have anyone LINED UP to buy it.