Out of that loan when we closed everyone got paid up front.. the teams on the ground got their profit the marketing company got their spiff / commish and we now had a loan in place.. once rehab was done the take out lender sent in the same appraiser who did the apprasial for the PRe qual.. and they did what was called a 442.. which verified all the work was done and then the loan would close shortly there after.In those days we could all make money at 65% of ARV.. that was enough to pay profits to the operator on the ground and pay the marketing company their fee's.. when the take out loan closed we got our return on our HML .. and the investor ended up with the home and a new loan.. now generally they did a 75% ARV loan so they actually walked out of the transaction with between 5 and 10k of refi proceeds. many times we would do 4 at once for the buyer.. all they need was the fico score.. and 4k up front.. they would get 20 to 40k back at closing tax differed and the property should generate 100.00 to 150.00 per month positive cash flow all expenses accounted for.

If March and April is a huge decrease I need to re focus my energy on figuring out a name for my new yacht i'm about to buy if things are going to get even better!!!

(Why let Fossil-Fuel energy companies skate?

There may be hope to work things out directly with ones bank but it will take more time and energy that if the government mandates options.

I keep hearing that this is one great way to find motivated sellers but I don't see how to generate this list at all.  

My main goal is to develop a portfolio of rentals to generate passive income. 

My main goal is to develop a portfolio of rentals to generate passive income.

I am not saying that the agent is lying about the property generating 33k a year but I would definitely be skeptical and double check the market rents. 

An imperative number is the gross income the property is currently generating.

I'm generating $11,400 in gross income and my total expenses are at $4,400 for the year after taxes, insurance, mortgage.