Newbie Question'(S)

[Shannon X.]

My questions is as follow:

Would many investors go for a newer (built in the last 5-8 years) REO house that does not need much repairs and could still make a profit?

Also

What about a more expensive REO in the upper 700K that needs quite of bit of work done... is this profitable or is this more of a owner occupy type thing. I ask because their are a few house in that range and wanted to know if anyone has dealt with house like that.. obviously the neighborhood is very "rich"

Hope you people could understand my question as I was confused on how to ask

Thanks!