The building is up for auction and in fair shape but will likely need 200k in rehab.

I can come up with 5% fairly easy whenever, but 15k-20k will take up to 6 months to gather.

First off, $100 a month for repairs is fairly low.

It is only fair to request compensation for that effort.I have also worked for borrowers - including rewriting documents for no compensation - only to have the borrower inform me that another lender funded their loan request - often approved with the document that I composed.There are two sides to the upfront fee issue.

Describing your buisiness in the Articles of Organization/Incorporation at start-up is very important, (which we have done).We will just pay our fair share of taxes...cost of business.Jon Holdman : Thanks for the context.

I have found CAREI and IRR to great, but it seems to me most of the events are attended by people who are fairly new or are wholesalers or sponsors.New and experienced would be fine.

Life is not fair, and more so it seems in real estate transactions.

I've been tracking my investment area and noticed that the RE market has faired pretty well this winter.

Unless my definition of "government owned" is different than most people's, I'm fairly positive that BoA is *not* government owned...

Seems if the home is decent and priced fair it will be gone before the 15 day period is up.