Yes, I saw a laminate floor that was flooded and after hogdog dehumidifiers were used and it was dried out there was no visible damage.

The sad thing is everyone can't win the bid on the property and the ones who lost are left to dry.

I am looking to expand the rehabbing side of my business and hope to make some connections with some local wholesalers because the MLS deals are drying up a bit in my neck of the woods.Looking forward to learning from everyone here on the forums as well as offering help to people as well.

If the $50-$150K marketplace is dried up, should a wholesaler still target those type of homes?

If the IRS at some point figures out some entity is generating taxable income, perhaps from the documents title companies have to file, and decides you should have been filing returns and paying taxes, then you will be subject to taxes and penalties.You are correct that "active" isn't 100% cut and dried.

It's been very, unusually, wet here so I'm thinking more likely water rotted out the wood back step I've been meaning to replace.Go to house.

I have been reading BP and getting great info but I wanted to know in a more expensive market like Vancouver and its tri cities if its possible to flip apartments/townhouses to start creating more capital and than move on to houses.my other thought was looking at towns that are about 30min to an hour away and the price of property there is usually half of what it is in Vancouver.I am a pretty hands on kinds of guy and have done a lot of the finishings(painting, trimming, fixtures) all the way to dry walling and basic plumping and electrical work.

Its dry at some points and then for some unknown reason everyone comes out of the woodwork looking.

Folks who were just assuming their pensions and social security would support them in a reasonable lifestyle may be in trouble with the funding for that pension dries up.

Actually, I think the rentals were probably bleeding me dry to.