I mentioned this in another thread, tell them if they do seek advice from an attorney that they need to be a real estate attorney, otherwise they will basically put their deal at risk as I don't deal with ambulance chasers in real estate matters.

The current system is backward; instead of seeking long-term tenants whose rental payments barely cover the mortgage and expenses, you should rent properties short term, charging nightly rates.

I've been reading the blogs and the bigger pockets real estate investing guide, they say of your looking for a mentor, bring something to the table. I have a deal and look for a mentor to guide me/ learn from/ or poss...

I've been reading the blogs and the bigger pockets real estate investing guide, they say of your looking for a mentor, bring something to the table. I have a deal and look for a mentor to guide me/ learn from/ or poss...

This is 3 weeks before the termination date and he wasn't happy and was very rude on the phone with me and with my brother via email.Since then, he has been trying to be a pain.

So think about PA in 1975 you could buy homes for 35k or less new construction in Cupertino for 50k... and you would have paid the same in KC INDY Memphis etc.So fast forward to today the house's in indy and KC Memphis are maybe 100k if your lucky 150k and in Cupertino and PA they are as you said 900k on average..

The Mortgagee will not be inclined to take a short pay if the borrower was paid (by you for the Sub2) and if you wait too long to inquire for the principal reduction you will likely have issues with borrower participation.Notate as well, the Borrower who seeks principal reduction may be required by the Mortgagee to affirm they will reside in the property for another set of years.

@Patrick Jacques .Buy right, fix right, rent right,..make money in any market...In my metro area there are many schools and parents seek out those that meet their needs...One family rents my affordable home in order to pay college expenses for son..Both professionals, but gave up higher end rental home when he graduated high school.....Keep an open mind..

In the short time I've engaged in trying to obtain properties from Wholesalers, it has become painfully apparent that many, if not most, inflate ARVs, deflate rehab costs, and present very unrealistic deals to investors.

I work full time so sometimes it a pain meeting with tenants, esp. when they dont show.