If you have enough properties (or a large enough single property) to make good use of employees, I feel it is the smartest way to operate...as long as you A) LIMIT the types of work (to minimize injury risk...a worker's comp experience mod increase can put you out of business); B) pay what is necessary to attract a WELL qualified employee (NOT your typical "handyman"); C) are an efficient project manager, or are willing to delegate that task to the employee...and generally support his decisions/timelines.If you try to micromanage...you will have turnover, which will be more costly than hiring a contractor.

A Bank owned property

I will be paying cash

Massachusetts

Does anyone know what closing cost I will be looking at .

Question , who does the closing . who picks this person ?

I will balk at any ridiculous fees, su...

They typically think that a Foreclosure list that is public record is a SS.

The bottom line; REO's seem to take longer than typical wholesales.

If you have 10k you can typically only by 10k in stock, but with 10k, even with tighter lending standards you can get a home valued at 100k.

Even though many typical Americans are outraged by the bailout, they don't really know the half of it.

A person who had relatives right in this neighborhood bid agressively for it .The Unit needed a lot of work, but it was in a good neighborhood, and the Unit had tons of potential, and a couple of desireable features, (fireplace, plus bedrooms at opposite ends of living room)Oh well, I'm still looking for a sure fire deal I cant screw up, but I havent been able to find one.GL all .

Anywaaaayss lol... ladies and gents, Ive been trying improve my cold call ratio and i need a formula for how talk to a potential seller/ and how finding out if an seller is motivated. i am a new investor as of which i have completed 1 deal and am in the process of completing an second, but for some reason this which i believe it due my mechanics and experienced level when talking to an potential sellers of course u get the typical hang ups, or the No's for no logical reason;. but when u find someone who is willing to sell and determining if there motivated to sell are two different things.

Point is, if someone like Donald Trump has put MONEY and/or interest in this guy he's not too shabby...and again, your mentioning of this being the same as a typical "put a house under contract deal" is completely and utterly wrong...read up on his program, may even help you close a deal or two.

Income and Expense Statement - I typically include Projected income based on current occupancy and Actual expenses from the previous year with adjustments for any differences.