This was something I found out from my years owning a construction company, something I learned to recognize with my financial planning and insurance background, and something I finally implemented with my current investor mindset:Years ago I worked for a builder who would borrow money out of his life insurance policy, he would build a house with it and sell it and put the money back into the policy while keeping the profit.

Glad you decided to finally start posting.

Thanks guys, i created another thread with the details on my deal.http://www.biggerpockets.com/forums/311/topics/83673-please-review-my-deal-analysis---henderson-las-vegasIn the past, I've always gotten 10-15% below market, but right now, I'm buying at market because of the low inventory and raising prices.

I'm currently under contract and there are several things I don't like about the place, but only grab it because inventory is hard to come by. This is a pocket listing I got from a realtor I work with.

1 Story Tradi...

Ok so I know not to live too strictly by the 50% rule and it is used in order to give a rough/quick analysis of properties.That being said...

Or I may return to California finally and restart there where I could list probates I don't buy as I'm a broker there.The point of this post is obits are a good starting source to find leads.

I asked if I could get it done in March when warmer but he won't budge...and i got the final inspection a week from Thursday.

There is NO de minis in federal law and the feds were specific about that in their Final Rule on the SAFE Act.Moving past the SAFE Act, there are a host of federal compliance issues that people have ignored in the past that just can't be ignored anymore without significant risk, and some relatively new ones that can be very dangerous to ignore.

So there are places here that are in subdivisions but are either on very large lots or have a lot of undeveloped lots around them.Our final area ended up being Clearwater beach. 

Ultimately the best thing to do is to do a cash flow analysis on a few prospective properties your considering to see if they are good deals at all.