My son also joined and we have been rehab and reselling.

@Brett Snodgrass  in my mind totally market dependent.and generally speaking if you have no other way to get properties one probably relies on them and you wade through the garbage to find a gem.those that tie up MLS properties and then try to resell then like happens in Texas I have ZERO respect for... to me its bush league.I know my clients get deals from wholesalers but me personally I don't have time for them. far to many are brand new and do not have a clue and the one's that are experienced have their buyers already...

. $_________ In Foreclosure: __Yes/__NoAsking Price $_________ My Offer $_________ Resell Approx.

Again this is for those that can't take title and resell..

What sort of area is it in, how easy would it be to resell if that's your idea, what can it rent for if you intend to hold.Talk to the seller, and get a feel for what he wants out of it.

That is going to be a really hard resell unless this house is downtown.

When we have someone move into one of our new constructions before their loan is ready ( to accommodate them not having to live in a hotel) we then have them release EM and sign rental agreement. but even that's a risk because if they holed up it could take 90 days to get them out. as you probably know suing someone is very time consuming and expensive.. would it not be best to just resell.

SO now my goal is to do one every 2 months or my goal is to find partners so I can do 2 or 3 at the same time, with that price rance of about $165-$175k with repairs... since I didn't have enough money to buy CASH a house like all investors want in California, but not a lot has enough money, I analyzed the market since last November, and found out that the Condos 1br/1ba, if I have to do buy and hold on it, or resell under the market as I did on this one, for a Buy & Hold investor, that is possible to cash flow and having a cap rate between 7% and 9%... 

and bidder fee'sNOt really the province of those trying to wholesale via no money down or very little and assigning. your wasting your time.NOW if your going to pay cash and resell.. then for SURE there are deals.

They're honest resellers and full svc mgmt companies.