If you ever read your cell phone contract or cable TV contract you'll see that the buyer or consumer can be at some real disadvantages in many instances.

Hi Everyone, I know there has been many threads on this 90 day flip topic but I would like to know if this deed restriction applies to buyers using a FHA loan only or anyone.For instance, I wholesale a property to investor A for no more than 120% of acquistion price.

The only instance in which I suggest a live and rent like the one you are proposing is when the unit you're living in is FAR below what you woud actually want to live in long term.

This is not easily learned and takes lots and lots of practice and research.For instance, you can't take comp 1 which sold at $79,500 for 2300 sq. ft.

For instance, according to the written proposal for creditors, there is at least $50M in outstanding accounts receivable owed to the Buildings, Safety Engineering and Environmental Dept (BSEED).

Maybe I have just happened acrosss a few instances coincidentally.

Then for yours, adjust downward by at least 10% for such a detriment, and possibly more.For instance, I usually stay clear of houses that are on main busy streets.

Hi Joe,You need to pay special attention to the landlord laws of the area you are buying in.New York for instance has rent control in some areas whereas Georgia does not.Different parts of the country are subject to Earthquakes,fires,floods,Tornadoes,etc.Saturation of the product you will be buying for that area and the amount of foreclosures or short sales in that area for multifamily can bring the average rents down affecting your occupancy and ability to meet debt service.Also do not COUNT on those equity funds UNTIL you have been approved.I have seen this before where a buyer has say 100,000 cash but then they think they can pull out another 100,000 from equity in properties they own.The appraisal comes back lower than they thought and they get only 60,000.Now the 40,000 has to be borrowed from someone else or you do a seller second if the first lender allows it.The key is to have the money liquid to perform when you find the right deal.

Most properties in this area would sell for around $300,000 but in many instances the city tax would be less.Joe, there are many areas of upstate NY that could work but I have not found one with the demographics and opportunity I am looking for.

Thought this was interesting to see in "Institutional Investor" Magazine.