Even if its close by, the dollars add up fast bringing it in under the slab.

It was under contract in under a week of being on the market.

You can build a new home/duplex and be in under 80/85% of MV, even more if you buy the land and materials right and have a crew.Don't get sucked up in the investor mentality of making money at closing out of your idea of what a good deal it is.

From there I can run my own analysis in under a minute.If a seller contacts me I can't list or assign what I know I cannot sell.

Still getting inundated minutes later. 

We bought it for $23,500 on 10/31/13 and rehab came in under budget at about $8,500 which included tree removal, siding repair, Porch support post replaced, sheet rock and paint int., tile kitchen/dining, hall, laundry, new carpet living room, BRs, appliances, plumbing repairs, new ceiling fans/light fixtures throughout, insulate attic, new int.doors and front entry door (kicked in while rehabbing), blinds.

How long was it on the market before you got in under contract?

$180K equity gain in under a year is fantastic.

Anyway good luck with them ...do a good job and you will be inundated with BPO companies trying to get you to work for them.

There is a program here in Houston actually with excel mortgage that finances at 100%, as long as everything comes in under 80% of the ARV including the refi.People aren't idiots for reading books.