One element I would like to add is risk management.

Numerous people have hit that mark.

Develop a spreadsheet that will help you perform a takeoff on the specific elements of the project and associate costs to those tasks.

I know numerous others have, too, because some of the ones I've made offers on are now fixed up and occupied.

However, some Realtors can be quite deception in their descriptions and you end up at a house that you thought was a 3 bedrooms that turns out to be 2 bedrooms with a really big closet.The other key element to being a great Realtor is being a great negotiator.

I do know, from having made offers, that I have had to sign numerous papers, including mold, pool safety, lead based paint, etc, and a lengthy purchase contract.

There are some very important elements here: A.

After helping numerous investors from all over the country accumulate wealth the old fashion way, I finally made the leap myself and haven't turned back yet.

Im pretty new to the REO element of RE but am curious what affects any of you have seen from the announcment of the bailout, or even what you are anticipating from it?

You can sell it, you just have to get the lender paid off and get the title from them to complete the transaction.Buying property on a land contract (which goes by numerous different names) is the same idea.