Also, you should have been advised before hand so you could verify (truck tickets mean nothing).

You can also become a RE agent/Appraiser etc....to not have a regular 9-5 job and be able to set your own hours, while learning some skills that will help in your real estate investing and continuing to have verifiable income.

There is nothing wrong with having contact info for every person who walks on your job, or supplies materials, and routinely verify with Them directly that they are being paid.

Obviously, a considerably amount of due diligence needs to be done to verify that upside and understanding the risks.What would a partnership between the owner and a contractor look like?

Property: 3beds / 2 baths 1,124sq ftBuilt: 1963Lot Size: 7,260 sq ft Estimated Value: $100KListing Price: $135K Cash Listing: $105K Estimated Repairs: None (not yet verified)Site Visit: Not Yet Based on the information the homeowner provided over the phone, is this lead worth pursuing and what opportunities do I have to wholesale this transaction.Your feedback will be highly appreciated.

Some depending on deal size will allow a higher ltv for purchase if they can verify business and personal tax returns from overseas.If you already own property here and have credit and bank accounts here etc. then sometimes you can get better loans.

Jocie Moore, if I understand correctly, you're assuming that "pouring" more money into the property naturally extends the ROI period - that's basically a reasonable assumption, unless you have a good verifiable reason to believe the work done will enable you to receive higher rent for it OR a higher price when selling it - in which case, you can capitalize post-reno and cycle the money into new property/investments etc.

I somewhat doubt it, since they may trace back to verify that you've had continuous financing since the purchase date.

She said that they rent out for $500 each unit but I know I'd have to verify that.

We will however have a commercial inspection done to verify the building condition.Vacancy rates are extremely low, and from what I gather from others (realtors, residents, and reading the town council minutes), the town does not welcome large commercial apartment complexes, so I'm reasonably confident there would not be a huge influx of apartments in the near future.Overall, considering this is a fourplex (4-2bdrm units), would this cash flow attract you?