Make sure that everything you do between you and your father is in writing.

This morning Wachovia Corp reported a dismal quarter which heightened concerns about how corporate results will fare amid the ongoing credit crisis.The nation's fourth-largest bank suffered more write-downs linked to its troubled mortgage business, and slashed its dividend for the second time this year.

.`(7) PROHIBITION ON SECOND LIENS- A mortgagor may not grant a new second lien on the mortgaged property during the first 5 years of the term of the mortgage insured under this section.`(8) APPRAISALS- Any appraisal conducted in connection with a mortgage insured under this section shall--`(A) be based on the current value of the property;`(B) be conducted in accordance with title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3331 et seq.)

Capital for the first flip is not a problem, but if I screw up the first attempt, I will be put out of business, if you know what I mean.If I screw up the first attempt, I will not get a chance at a second attempt, so it's important I pick the right Unit to Flip, and succeed.Is a total interior rehab unit, a bad place to start ?

Tried obtaining a second loan, but apparently could not because of her bad credit.

Anywaaaayss lol... ladies and gents, Ive been trying improve my cold call ratio and i need a formula for how talk to a potential seller/ and how finding out if an seller is motivated. i am a new investor as of which i have completed 1 deal and am in the process of completing an second, but for some reason this which i believe it due my mechanics and experienced level when talking to an potential sellers of course u get the typical hang ups, or the No's for no logical reason;. but when u find someone who is willing to sell and determining if there motivated to sell are two different things.

Second Question I'm in Texas now would my LLC need to registered in TX also or would have to have a different lisc for the different state.Last Question what is your opinion on virtual wholesaling?

(btw, i dont have a great credit)$85,000 10/21/2005$94,000 10/27/2005$110,000 11/01/2005$92,500 04/11/2006$135,000 11/03/2006$112,900 03/21/2007$119,000 01/31/2008$114,900 05/28/2008This is the second deal and he's asking 90k for it and the comps are worth 115k.

It has been my experience with in my industry, and also going to different types of courses for different types of money making stratagies, that they all just give you a little taste the first time, to sell you the second, much more expensive course.

I am lucky in that my father lent me the money to purchase my first rental property.