Further, he is correct the FNMA program being cited is the incorrect product for this scenario.

IMO, she reneged on her responsibility to ensure collection of all funds for the transaction.

My name is Joe, I am a former real estate agent looking to take on the other side of the transaction in investing.

This means if you can only afford a 60k property and are expecting 800 rent for it and a 3 bed 2 bath in the area you want and only 2 such properties have transacted on the MLS in a year then it's a pipe dream.

Keep track of all the buyers who don't bite during the rehab, and contact them again to see the finished product, if no one buys during the rehab.

The LA market is crazy strong, but we're not seeing nearly as many all-cash deals as last year, but still quite a few.If I recall correctly, Realtor.com published an infographic that showed nearly 50%+ of all real estate transactions in the Los Angeles went above asking - crazy.

You call and they return your call late the next day, way too late to help and they will most likely want to meet with you first before they give some free advice over the phone in your emergency.In RE we deal in transactions that have value and take on liabilities in the ten and hundreds of thousands of dollars.

It seems like that's the most uncertain part of this transaction.

Hi Jessica,I'm not local to Vegas, but was interested in investing there for a period of time, so did the necessary research, made a trip there and found a team to make the transactions work.

There was a water line in the garage with a faucet, and i had no idea where the shut off was, It broke while i was at the home show in philly as i was promoting products that detect this kind of problem(ironic i know)..I got the alert on my phone..contacted my wife..she headed back to the house and sure enough..it was spewing out in the garage.