@Mike M.Im an active investor in indy with 8 units and ive seen a couple instances where the properties that were sold arent in bad locations (gentrifying) so there are wholesalers who prey on morris invest homes and buy them cash for pennies on the dollar to flip them.The issue for these poor owners is that they dont know the true value of their homes in most cases and also that they have spent their life savings, sometimes using credit cards as mentioned above and are in major financial distress... really really sad to see across the board.Sorry to hear your story @Charles M.

Be willing to spend more money or more time, but I've learned I should have spent more money and moved more quickly.

Be willing to spend more money or more time, but I've learned I should have spent more money and moved more quickly.

Be willing to spend more money or more time, but I've learned I should have spent more money and moved more quickly.

so in my made up example, you bought for 100K, spent 50K on the rehab, and it appraises for 140K. 

Mark Vandzura, I personally spent hours with you on the phone sorting out the accounting error that got fixed and you agreed was fine.

Let's say you spent 15 hours a week on your flip (beyond your 9-5 job).  

If I do find something, it is usually because it is priced according to condition, but once you value add and bring it up, you've now spent more cash. 

Hmm, Will you be paying for the time spent driving in LA traffic to view the property for you?

Account Closed   I spent a lot of time researching and looking for a company to handle my private money docs, when I loan my own money.