I found "A Rehabber's Tale" to be a very good read on rehabbing.http://store.biggerpockets.com/books/rehabbing/a-rehabbers-tale.html

If I don't know, I'll tell you that.Now, Bryan, instaed of posting the suggested comment in your signature, don't post that, just post that I disagreed one too many times with Bill Gulley and he made me eat crow!

Since Steve resurrected this thread, another tale to add to this story.

I bought a house in February cash for $32000,I have spent $12000 fixing the house to be used as my Business office, I will like to put a mortgage on it to recoup at least 80-90% of the appraised value......question...someone said that if it is less than 6 moths, the bank will only value it as Cost plus repair cost,instaed of Appraised value,is this true....also does anyone know of a bank that will do this type of loan,Chase minimum is $50000..also is this a Refinance,Home equity ,or what type of loan is this called

And very recent, ideally under 90 days.Here's a cautionary tale.

That and maybe gold weighed in grams or smaller units, unfortunately.

However, just speculating here but I'm guessing that information is somewhat subjective and open for interpretation, and you could probably track down a credible source that tells a different tale.

The deals were:The Condo - Lead was given to me by our very own Will Barnard and I used Rich and Will's funding for the double close.The Junker - A really bad house which I whole-taled to an investor/homeowner.

It might be one of those old wives tales...

They weighed it: A perfect ounce in grams (they tried to make it confusing).