I plan on leasing the property.The down payment is being funded by my partner (father) and I will be funding appliances and whatever random fixes or improvements the property will need before and during lease.I am meeting with a lawyer later this week to setup an entity.I need help understanding how purchasing a home through a entity works.

A drive by will not address the interior condition but that is not always something the lender is concerned about.BPO are rather common and have a purpose.Zaio is not saying that the data will be the same as an appraisal performed with a full walk-thru.The data in the system started with an appraisal from an appraiser.

hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or credit and will allow me to actually retail these properties to end-buyers and not just wholesale them for a small profit to other investors, it sort of goes like this.1- locate and market to the people in pre-foreclosure, 2- once they contact me setup an appointment with them, 3- setup a land trust with them ( which they will be the beneficiaries and either me or a disinterested party the trustee)and have them sign a "warranty deed to trustee" doc which i will record at the my local court house, 4- also have them sign over there beneficiary interest to you which you'll store away for protection of problems that might come up in the future 5- start marketing the property as well as working on the short sale with there lender, 6- once i have my end-buyer (and hopefully my short sale is accepted in time) have my title company perform a double closing to pay off the first lender as well as myself, and to give the end-buyer clear title without any seasoning issues coming up (which i was told there has to be two separate HUD's, two separate escrow accts and etc)so my questions are: do i have all the steps down correctly or am i missing something?

Among the problems with properties in this price/rent range is that they don't appreciate, they're management and turnover intensive and there's not a lot of chance to "improve" them and raise their value or rent.Before jumping into any more I'd look at getting some real returns out of these.

On my triplex I didn't think I would ever get rid of it because the terms required 70% LTV, significant improvements, minimum 2 years before applying to remove, and an appraisal by an appraiser with a specialty license (I was only able to locate one).

If no one answers, write “no answer,” if you speak to someone, briefly note what was said, or happened, and so forth.A secret to cold calling that improves results is to learn to “mirror” (mimic) the person you’re speaking to on the other end of the line.

Cracks or breaks in fiberglass without FULL grindout, bonding, and filled (again, sometimes a few extra bucks)[/b][b]I WILL NOT ACCEPT JOBS IF I AM ASKED TO PERFORM SUBSTANDARD WORK.

If the loan is up to date as far as payments, why would they turn a performing asset, into a non performing one?

Certain coloring standards can be still improved for better readability.

The best way to analyze real estate cash flow is to complete an APOD (Annual Property Operating Data) worksheet, including all cash flows and tax implecations (taxing & depreciation/cost recovery) to determine the before and after tax ownership benefit (or loss).This is only the first step in analyzing a property's performance.