Further, it is clear that observations for units in tertiary markets can have far in excess of 50%.

Colorado is about 100 basis point cheaper.The inventory is excessive everywhere so we are picking up alot of business.

For repairing your credit, go here:lexingtonlaw.comFrom what I've read, some of the best uses for your funds would be:Making up the payments of someone in pre-forclosure and in a subject to dealIf you're fixing up a property and the hard money lender won't lend you quite enough money, but almost, use your funds for the excess

They do inspections every 6 months, and make sure that the house isn't getting trashed, as well as notify you when the police make numerous visits to the property from excessive partying.

I tend to do my own work (although jacking up and putting a foundation under, in order to raise the ceiling is beyond me) and I'm not sure I could bring this in for $50KI'm guessing you have building codes so plan on re-wiring the whole house to bring to code.Floor uneven and warped is MOISTURE, have to find it and stop it.Don't know the size of the windows but a few hundred per is about right.Carpet a few thousand.Sheetrock repair a few hundredKitchen cabinets and appliances, minimum of about $5K for CUT RATE stuff.Counter tops, $300-$3KInsulate and sheetrock basement, a few thousand.Knock out a few walls etc in the upstairs, about $5K+, moving walls is not as simple as "moving walls".Bedroom doors, $100/each, minimumLandscape and exterior paint, a few thousand."

Here's the deal.I called a law firm toask them if they could represent me in obtaining"excess proceeds" from the tax foreclosure sale, butthey told me that only the former owner is entitled tothose proceeds, is this correct?

Whether your plan is to obtain that profit in the form of; proceeds from a quick flip, cash flow from renting, option fee from assigning, excess of rent over PITI on a lease option, you have to know before signing anything with a seller which it's going to be!

Is there a way to make money off of buying directly from a builder who is trying to sell off excess inventory?

You missed a BUNCH of the expenses such as: legal expenses, evictions, damage done by tenants (in excess of deposit), advertising, lawsuits, office supplies, utilities during vacancies, capital expenses, etc, etc, etc.

.* They offer a special price or discount claiming they are in the area and will knock off a portion of the cost due to excess materials from other contracts.* You may be told you must act right away to get this special discount pricing, and you may be asked to give them money up front before starting the work.* They offer you a discount price if you allow them to use your home to advertise their work.