/Dec)Many banks for the last 6 months have been testing the market and pricing even the messed up homes at full retail value.Trustee sales over the last 6 months got very VERY competitive and investors were bidding up homes above 80% of value, this caused the banks to try pricing REO's higher.I have no idea if I am correct or not, but I do know that times have been tougher to lock great deals so far this year.

All of this and many other factors need to be considered running a restaurant.The biggest issue a one off restaurant faces is food quality and pricing.Small places can't order in massive quantities so do not have long term food contracts locked in at a set price like chains do.Instead food cost fluctuations can hurt a small restaurant plus the quality you get from a supplier might be good one week but the next a new company came in to the food supplier and gave them a cheaper deal to use their product and try it out.The new product may be better,the same, or worse.The problem is you pay the same price and charge the customer the same price as before but it might not taste as good.I don't know how you will buy this restaurant as you have no experience as an owner.You can't just open a restaurant and expect people to come in.A few will but not enough to make a great business.You have to pound the ground and press palms and get the product with free samples into people's mouths.This will generate buzz for your restaurant and create customers with a relationship.Customers are habit creatures.Get them a great experience,great food,decent price and you will get repeat business.

Locking in a ~5% mortgage for 30 years is a great way to shelter your wealth and grow your capital.

****So much so that I'm willing to pass along all wholesale profit potential on deals I find and lock up to an experienced wholesaler/investor in exchange for proper wholesaling instruction.

Upgrades:-New roof-New carpet-New tile -New paint (interior / exterior)-New light fixtures-New ceiling fans-Master bath remodel-Granite counter tops (whole house)Lessons learned: Always change the locks on your rehab, on day #1.

so i have a section 8 tenant in one of my rentals. she is a good tenant. about a month after she moved in we had the plumbers come out and roto rooter the main line leaving the house. i didnt mind. the cause for this instance could have been anyones, not to mention it hadnt been cleaned out in a few years. no biggie. 5 months later i needed to call out the plumber again. this time the main cause of the plug was someone was flushing down those sanitary wipes, which are not biodegradable. this is purely the tenants fault obviously. bill totalled $300+. she has no way of paying this as she stated. housing authority has her locked in for 2 years from begining of the rental contract. i dont necessarily wanna give her the boot, but this is a business. my real question is: she wants me to take it out of her deposit, then she claims she will replenish the deposit once tax time comes around, around feb- march 2013. is this legal for me to do?

It's on my list to continue to research the insurance market for best combo of price and service/reliability, it's a substantial expense for sure, and a very good point that you bring up.

Find amazing deals, lock them up under a contract, and then wholesale them to landlords that actually have cash.

If your current tenant want's to lock you out, a regular lock (non-smart key) isn't going to stop them.

I don't want to put her off by asking to sign entire lease so early if that would make her think to keep waiting till the end as I would like to at least lock-in something.