I have gotten 3 leads so far, but two of them were dead leads....do your homework or these companies will milk you dry.

"they owe the bank $295,000"NO according to YOU she is on title but not the mortgage.If that is true she owes NOTHING to the bank.She just has a partial ownership by title with a property that is underwater in value.Even if it forecloses she can milk some more months as a "tenant at will" before the bank can get her out.Usually they will offer "cash for keys" for her to move.This time of year with court delays for evictions it would most likely take the bank awhile to get her out.She could always try to get the husband to sign an "authorization to release" from giving her the authority to speak about the loan to her.With an underwater house most owners/tenants just care about the mortgage payment.Example house was worth 200k but now worth 130k.Mortgage payment is currently 1,600 but owner/tenant wants payment of 1,100.The bank might readjust the loan payments rather than foreclose and take a big loss.It depends on what type of loan it is and who owns it and workout options.If you bought it for cash at foreclosure then she could stay as a tenant and you have her sign a lease and she rents from you.The details will be based on a state by state basis with time lines and risks involved.She could try to buy the note at a discount or get an investor to try to purchase it on a short sale and rent to her etc.The confusing part of your statement is you said she had 150,000 cash but yet recently filed bankruptcy.Are your sure the husband didn't file bankruptcy and she received the money from the proceedings??

Thanks to the many, many bad guys in the TKR business, passive investors are getting their greed glands milked to a ridiculous degree.

Her approach really makes me think she's milking the situation.

We spent some time with those books milking everything we could out of them before the 3-day training.

Kind of like getting spilled milk back into the carton in my opinion.

Haven't used Flex Pace.Sounds like a local program to your area but I could be wrong.Remember with the rehab it's NOT what YOU want that matters.Code is going to TELL YOU what you have to do for the rehab.If they want sprinklers put in then you have to put them in.Figure out all that they want and cost it out for a TOTAL cost.What contractors love to do is quote you separate items and not the cost of the total job.The they slowly take long to do the job and milk the fees.Add 10% as a contingency fee to whatever the highest price they tell you and then get them lower to an accepted price.When you design these units having in suite laundry is huge so make sure to add that.At least have the hookups there.

David Schneiderhey dave,although i dont have many of my own properties i know my father hires general contractors and then pays them by the job and not the hour (many will milk the clock).

We also eat organic food, so milk is $7 per gallon.

Money Mustache and simultaneously from a Google search for "50% rule".I'm a contractor by day (current focus is insulation/air sealing and mechanical systems), but my goal is to be financially independent by 2017 at the latest.