It was a judgment call on my end, but my plan was to live in it for 2 years then resell.  

Or are you referring to an 'investment property' as something you will acquire, improve, and resell in the short-term (flip)? 

 Rules of the road in REI Cash - no repairs needed- no more than 80% of good comps or FHA appraisal (think like a car dealer reselling car)Cash - repairs needed - 65% ARV - repairs Terms - no repairs - sub2- no more than 90% ARVTerms - needs work - seller has equity - sub 2 - plus note, no payments on note, single payment due at maturityTerms - pretty house, no equity - most of the time, lease with option to buy then assign for feeK.

Also looking for flips in solid areas we can resell or wholesale and now moving into development of raw land for primarily multi-fam and 1-fam projects.Have a Great Day!

This is accomplished by filling out the form, faxing it in, and then ETC handles the paperwork and sends the check (or wires the money- whichever options you choose).Upon closing on the back end, the IRA profits $63,000 after resell costs and holding costs.

We were looking for a city with a relatively stable real estate market and relatively low home values, which tend to equate to better cash flow if you choose to be a landlord.After looking at about 30 cities, we chose Pittsburgh because its economy is based more on health care and IT, which are somewhat stable compared to banking and finance, for example.Before we expanded there, we knew ... 1) median home values were nice and low at about $109k, 2) home values never went sky high, so they're not likely to fall as much, 3) the economy is pretty stable, 4) it's best to buy rentals for cash flow as opposed to the fix/resell model.After we expanded there, we learned ... 1) the # of active wholesalers in Pittsburgh is really low, 2) it's very difficult to get motivated seller leads via PPC there, and 3) we have to work harder to get members to sign up for our website there.So overall, it's a good investing climate, but there's not as much investor activity as there should be.

For one, you can make money re-selling a foreclosure, especially if you can do it through a short sale.At the same time, there are some pitfalls that you should be aware of.

Are you saying your investors would prefer to just hold a note secured by the property, and you pay them at a stated interest rate.... or do they actually want a share of the actual property results, as well as capital gains from reselling at some point.

Resell quickly once you are on title or have funds to pay off the existing financing if loan is called.

@Brent Coombs is correct unless you just purchase yourself then resell.