We see perfectly what is coming and yet can do nothing about it.

Describing the perfect deal is the art side of real estate investing and will vary greatly depending on the market.

Self doubts and apprehension are perfectly normal on your first couple deals, but remember to trust your numbers not your emotions.

Anyway, it works perfectly well for tenants who only deal with cash.As far as the logistics go, I don't know all the details.

I'm not talking about spending money where it isn't needed (replacing perfectly solid cabinets for example just for something more stylish).I'm sure there is no right or wrong answer to this, but I'm wondering what you opinion is on updating a house and considering it as marketing.

The trailer would be perfect for remodel jobs, if I decide to flip and buy materials myself as I did when I use to help flip homes and worked as mgr on projects.

Unfortunately in Manhattan it is not so easy to break into the game and you need a lot of capital, but I am keeping my eyes open and starting to network so that when the perfect deal comes along, I can jump in!

@Arturo Martinez Your title, simply "Education" is perfect for me to rant!

@Lamar Cannon I have had the most success with the list above actually but also to include delinquent taxes.I conveniently hit the perfect storm earlier this week.

Originally posted by Bill Gulley: I believe BoA requires the pre-qual, not getting the financing from them.I certainly agree that requiring a buyer to use a particular lender is a bad idea (regardless of whether it's legal or illegal) -- you'll lose a lot of perfectly good buyers this way.We never require a buyer to use a particular lender and in-fact, we won't even require a buyer to pre-qualify with our lender, but we are more likely to accept an offer if the buyer at least agrees to pre-qualify and will offer very nice incentives for buyers to use our lender.For example, if a buyer refuses to pre-qualify with our lender, we'll write in the contract that we have the right to contact their lender, question their lender, and if we're not comfortable that the lender can get the deal done (whatever criteria we choose), we can back out of the deal.