I just want to learn and understand pre-foreclosures from ALL perspectives so that I will be more effective and understand the marketplace-- not just the steps to follow.Look forward to more comments.

The owner lives 45 miles away from the property and self manages.The 30% rule works great on rehabs but on income producing property you need to look at cap rate, vacancy rate for the area, what you can do to increase income on the property, and if there are any deferred maintanance issues.

A double closing actually has no effect on the mortgage loan.Investors that use commercial type bank loans, lines of credit, hard money loans, and/or cash are a wholesaler's target.

i have been trying to take the leap and in a month, when i move ,i will begin to buy, rehab and sell (and whatever else).when i have an idea or am perplexed about a certain problem i need to post on biggerpockets.we , as humans are always so afraid to open up because we do not want to seem foolish.on biggerpockets i have been reading posts and getting wonderful insight from many different people.i have decided to open up on any problem or question.this is step one of my self-therapy.post,post,post !!!

You could in effect make him pay for all unauthorized repairs over $100, but you have to win in court first.

I am a self employed residential contractor in the beautiful Ocean County area of the Jersey shore.

It is muh more effective in protecting your computer.

In this case, obviously I'm not concerned about cash flow but again, believe that out of state is where my resources can be used most effectively and I'm confident that if I approach it properly, this too will be a successful strategy.In short, it may feel less comfortable investing far from home but as someone who has researched opportunities in many different states and dabbled a little, there is definitely potential.

Just a little bit about my self: I currently work with Weger Mortgage and in the past 6 years that I have been doing purchase loans I have never held up an escrow for a loan.

Seller is motivated to sell adn close on a option he has on some self storage units.