But honestly I rather see home that sell for $200,000 over 5m any day.I've seen it but the same people were doing a different show and they bought a beach house for 1.2 mil put in 250,000.00 in 10 days they said and then tried to sell it for 2.4 mil, the owner said it was a flop, it was the first time he partnered up with the contractor, I don't know but if they had listed it for 1.6 wouldn't that have been a good deal and they might have unloaded italso the contractor fell of the ladder and broke his hand and had a cast, then at the end of 10 days no cast, must have been a miracle, I like to watch the shows but a lot of it is unbelievable, especially the 10 day turn arounds

That being the case, all these homes then become REOs So, here is my question/ thought for discussion:Is next year going to be the best time to buy REO properties since these houses are going back to the bank with no equity and the banks will continue to have an increase in their REO portfolios, therefore possibly having to discount at extreme rates to unload them off their books?

I think the best thing you can do is really read them all and then unload the ones that do not match the plans you have for yourself.

We have a triplex in the City we might unload or refi out the cash. 

How she can spend the time to drive around town to different salvage stores to find a certain piece of old lumber to then take back, and sand down, and paint, and refab to fit and install just seems crazy.

They just want to unload & have little patience for a failed close.

Jon Klaus, I enjoyed reading your post about your first investment property...you really hit the ground running.Marc Bodinger, I am interested in apartments, but I'm a bit tentative to start that aggressively in case I commit to a property that I can not unload if I had to.

Likewise; if you install foam board between the furring lumber - so as to present a 'solid' flat surface under the siding - you can probaby go out to a 24" nail spacing and still not end up with a 'starving horse ribs' look to the finished job.Do this: first work out the costs of doing it on 24" centers, on 16" centers" and on 12" centers.

Only by driving by and seeing changes objectively can you make the call to unload particular properties.Another point is not to have too many SFR on the same street, as you end up competing against yourself if more than one becomes vacant at one time.

Material: around $800.00 (Lumber, screws/bolts, etc..)