On the other hand, if a large number of homes in the neighborhood have been foreclosed on and sold in the $30,000 range, until someone starts fixing them up and reselling for higher numbers, you have purchased a home at its current market value.

, did they resell?

That way when you are ready to resell house 1 you have $70k in hand to bring to closing.

What if at some point you rehab the house and decide to resell it.

But no one says a word about it.A wholesaler locks up a deal, super low price and they chose to mark it up and resell to a rehabber while making money in the process.

I bet you will find expenses higher than stated ( will be 50 to 60% instead of 44) and you will find deferred CAPEX that needs immediate attention (probably in the few tens of thousands or more total.If going rate is a 10 cap then to resell to a buy and hold investor for an already stabilized property I would price it at an 11 cap.An 11 cap is 200,000.

In most cases by people wanting or willing to hold on to them because there is rarely enough room to resell anymore.

The agent's job is to Not let someone tie up the property for a low ball price, with the only chance of actually closing being that the "buyer" can then resell it for a higher price.

.:) I know the business of house repair, been in the trade for 42 years, what I don't know is the paper part of it, the need for a team would fill this I know.Now for the question, given the circumstances, should I pursue the purchase of a house to resell, of course with the help of others, or get settled into the new area and go for it with gusto when we are relocated?

A high Alexa ranking means that you could possibly resell the site for a profit.That being said build that traffic stream and thus your rank can take a lot of work.