Buffett is a famous example.

Keeping.....Richard Davis, owner of Trademark Properites, star of Flip that House and easily the most famous flipper in the country had this to say at the end of one of his shows where he rehabbed a multi-unit property (the big gray one) he owns.

and i don't regret it at all. sure it's nice to have made a great profit on my first transaction but i viewed the situation as:1) i can continue to rent...2) ...or own a property paying the same amount of rent and expenses while gaining experience.in both instances my cash flow (i'm going to include the income from my job) would have stayed relatively the same---granted i pay about 200 more due to taxes and insurance. but 200 extra a month was not as important to me as it might be for some one else who has a tighter budget. but since i made the leap definitely feel more confident navigating the entire process over again and also learned how to do some rehabbing on my own (tiling, staining, flooring, light plumbing..etc...)I also now have realistic timelines as to when certain jobs can be completed----at one time i thought I could gut and fix my kitchen and two bathrooms by myself in under 2 weeks only working weekends.

Thanks for the detailed information James.By the way, if the REO property is not yet been list on the MLS .. and the information I receive which also include the beneficiary ( I supposed this is the bank who now owns the property ) .. what is your suggestion as best to approach these instances.

For instance, my house is a very nice and clean 2/1.

She lives down there in Preston Ely's area of Tampa, Florida too.I hope that the famous Lee Kearney, also in Tampa - "The REO RockStar" - has an Ebook available too that I can buy!

Don’t answer them, literally, just asking…if you did/were not aware, you had to be notified of this action, public record, before it would be placed into collections and then added to public records.Option B: If you are adamant about paying it off regardless of circumstances and considering it is mom, like the other guy said, when and if you pay this off, create a contract that states that upon payment in full all instances of this account will be removed from your report.

(the price difference between the original contract with the sellers, and your contract with the buyers.)In this instance, the seller and the buyer would then know how much you're getting paid.

For instance if someone is buying a property for 500k and its worth 600k and there projected profit is about 400k then we would agree on a price generally around 15-25k which is added to the hud sheet and paid at closing.

Consequently, I don't see informing the lender in these instance making a whole lot of sense.