A little late, but did I do anything wrong?

[Chris Berger]

First off, let me say I am so happy that I found this forum. I spent most of Friday and most of my morning today reading such informative posts.

Anyway, I am new to all of this and have not so recenlty completed my first rehab. It was a 80K HUD sfh that was appraised at 115K. Needed some work, so I partnered with my brother (I had the money, he's got the construction skills) and bought the house.
I used my HELOC on my primary residence to pay cash for the property and 0% credit cards to finance the repairs (13K). Today its on the the market for 129K. Its been on the market for 5 months (through winter) and I'm anxiously awaiting an offer so I can move on to our next house.
I am actually looking for anyone that wants to to critique what I did/am doing. Fire away!

[Chris Berger]

Yikes!  Late update here and I do plan on re-introducing myself in another post.  Ended up selling the property for $127K on 7/2006.  Profit was $17,500 split with partner.  Did one more flip immediately after this one and did much much better on that one.  We now own 13 properties (2 are duplexes) and only have one very small mortgage.

Hope I can get my profile reactivated and fixed.