When one of these properties does surface, rehabbers snap them up at a premium and then must go to the retail market to profit.

Who owns below the land surface?

Now I have purchased a house by the skin of my teeth, and for more details about that if someone out there wants to personally write me and maybe school me Id appreciate it very much!

get comfortable in your own skin first...how?

If others in the area all have new windows, hardwoods, and solid surface counters then you need to do the same.What are the numbers, comps and asking price?

I skinned my knees quite a bit on the first one, i.e. the electrical infrastructure was 50 amp and not 200 amp that is needed today.

My first modest repair issues should likely surface in about 5 years, at which point I should have a nice chunk saved up from the "maintenance fund".

Except, I always just wanted (loosely put, wanted just touches the surface) to spend my life redoing ugly old houses.

However on the surface it certainly would appear that way.I'm certain that you spend a large sum of money each year advertising to attract customers to your agency and I congratulate you on the job you did as I was initially attracted to your agency.

many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.