It's been over a year since we embarked on our efforts to secure our financial future in real estate. We've learned a lot, made some mistakes, made some money, had a lot of fun and enjoyed networking with all of you.
Don't worry, this is not goodbye, but an overview of interesting events. As I reflect on this last year I want to recap some of the problems we've come across and how we overcame these challenges.
1. Challenge: FHA Appraisal came in $22,000 below purchase price. Click Here
2. Challenge: My Name was used as part of a trust deed SCAM - this person stole $60,000 from two elderly gentlemen. Click Here
3. Challenge: Buying a House sight unseen via Online Auction: Click Here
1. Tax Deed Condo in Florida - Conflict in the Florida Law re: condo tax deeds
2. Contractors that don't pay their sub-contractors
3. Creative financing when the project goes over budget
4. Why due diligence is CRITICAL - beware who you do business with and WHERE they got their real estate training (This validated how good Armando Montelongo's training was for us.)
I appreciate everyone's feedback and continued support for this newsletter and the blog. Feel free to forward this on to your friends and associates, and if you have a desire, please take a moment support our sponsors (below) if they are of any interest to you.
Angie's List-Contractor Ratings - Find good service providers for your rehab
ZipRealty-MLS Listings - free signup and get a 20% cash back on your buys
RealtyTrac-Foreclosures - plus awesome statistics - I use them DAILY (free 7 day trial).
ForSaleByOwner.com - Very reasonable prices to get your project in the MLS
Backpage.com-Classifieds - Craigslist is too crowded...try backpage.
Thanks!
Jean and Eileen
http://budurl.com/ltvblog (Blog)
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