Larry,You should check with your local lender to see if you can qualify for a cash out loan and if you are able to secure another loan for the investment as you use the case as down payment... and make sure that you are able to maintain the payments once the loans are made.

Of course…a 20% delta should be wide enough to get things right, but I still maintain that the owner should be able to pocket the money if they want to.

You better make sure you have a valid right to do so.Now, having your option and filing a notice is customary, but back to what I just said, if your option expires, your lien becomes inoperable and can become a false lien, it's your responsibility to release it.The reason why you are backing out or cancelled you option will effect your rights to maintain the lien, if you agree to terminate your deal, you don't have a right to perfect any lien.The thing to do then is to only agree to terminate your option with a release fee, again, depending on the circumstances.

Having a managerial accounting knowledge will be sufficient, basic slotting of acounts, basic cost accounting and basic taxation, you need to make the decission to slot entries, after that, it pretty well maintains and flows itself.

What would be the dangers in aquiring these type of properties knowing it will almost certainly be rented out and its fairly easy to maintain?

Alternately, you can forego trying to collect from him and consider that the cost of maintaining the friendship.

Hey Diane,Keep in mind that lumber contains moisture and [/b] maintain moisture in it in order to remain flexible.

Information Maintained by the Office of Code Revision Indiana Legislative Services AgencyIC 32-17 ARTICLE 17.

The houses in the neighborhood are selling from around $20,000 (greatly distressed) to $85,000 (well maintained)....I recently came across a house listed at $14,000 which needed about $18,000 worth of work to meet market standards...I was very interested in this property because my realtor said it could likely sell for around $45k after improvements....Unfortunately another investor had a pending offer on the property within 7 days of being listed...There are 4 other houses right in that area of the house that are highly distressed and abandoned...is there a way that I can contact these owners to buy the house before it goes out to market...this way I won't have to compete with other investors....I can find the owner information in the public records, but where do I go from there?

I don't see myself spending a grand for some stupid set up fee and hundred bucks a month to maintain it when there were a ton of flaws and problems associated with it.You can get your own website and tools to help you wholesale for the fraction of the cost of FS.