If they bought in 2006 for $295K I suppose it could be worth $283K now, but that would certainly make this an exceptional property.

Are we supposed to just throw that out for the sake of using the 50% rule?

I am looking to start rehabbing and flipping, and I suppose I am the classic case: Very little money, poor credit, but a will to make this work.I am currently an applications engineer in a technology field, but I am hoping to build my experience and business to allow me to quit my job and invest full time.I suppose right now I am looking for a mentor...

He gave her a verbal warranty(her 1st mistake not in writing) on the house for a year as she did not get an inspection (her 2nd mistake). 6 months after owning the roof caved in, then the tenants later living there totally took advantage, numerous other expenses spent, and finally getting notice from code that the property supposedly has been condemned since 2002 yet that never showed on any public records(Title ins did not cover) and the water was previously able to be turned on, yet now city saying it can't b/c property is condemned??

I suppose it's similar to having a realtor pull all cash transactions off the MLS, but these auction properties wouldn't show up on that list right?

You're $'s invested doesn't match your actual cash value in policy until usually 7+ yrs because of that.Then, yes you collect a dividend that goes back into your policy supposedly buildling your cash value.You know what you can do with this money?

Or it is on the company who suppose to manage the property?

As far as scheduling the closing date goes, the escrow is supposed to give me instructions on when the seller and buyer need to show up at closing right?

I suppose I can ask other wholesaler if they can let me use the contracts they use?..

One I am suppose to be meeting next month.