All Forum Posts by: Anthony Crawford

@Anthony Crawford: As a newbie, I would highly recommend you work with an attorney to help you through the process, but is also willing to educate you about the legal nuance and caveats. It is money well spent as you initiate your business. As I am not an attorney, 26 years later I still learn something new at each transaction.

@Anthony Crawford,

Hi! Hit the SHIFT-LOCK key to stop the all-caps, 'k? It's considered "shouting".

Each party in a closing should have their own attorney - the seller, the lender and the buyer. You're signing legal documents and binding contracts. Unless you have the knowledge and expertise to interpret them as an attorney would, you'd do well to have someone on your side who can.

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict

Before

Kitchen

Bathroom

Toledo, OH bought $26K 4 bed 2 full bath 1,628 SQ FT. Rehab cost $26K including a new AC. 

$79k is $20k higher than what most investors are paying in the area.  Exceptions are the very best part of 30032 (far west and north).  

Anyway, use this opportunity as an exercise to prepare yourself for the real deal.  Figure out what it would cost to rehab, how long, who would finance you, who would do the work, how you would do it?  You should have a good idea of these things before closing on a deal.

Great deals often must be closed quickly, so you don't have a couple of months to pull your plans together.  Figure it out now.