I have 2 deal that look like the ARV will net $40K to $60K

[Dennis Williams]

One of these would have been my first flip but, I do not have the capital at this time. I'm hoping I can team up with an investor and do all the hard running for you in order to start building my own capital. First deal is a REO on the market past 200 days. Listing price $114K Comps support $139K - $160K in its current condition. Second deal (across the street), REO on the market over 180 days. Listing price $194K comps support $205K-$285K. Both are painted well on the outside and have no structural damage on the inside. The second deal needs painting and some updating on the inside (3.5 baths,kitchen). PM or call me if you think this is something you would be interested in.

[J Scott]

Dennis -

If the property is worth $139-160K as-is, why has it been listed for over 200 days without selling at a price significantly lower than that? That would tell me that it's not worth $139-160K, and is probably not even worth $114K (the list price) in its current condition.

The value of a property is what it would sell for relatively easily on the open market -- if it's not selling on the open market a particular price, then by definition, it's not worth that price.