Example: Lake found a brand new home in a great area that was foreclosed on the builder; it was appraised at $268,000 and the asking price had dropped to $34,000.† While it had been sitting vandals stripped out the wiring and plumbing so it needed about $20,000 for rehab costs.† Once restored, the property can be sold to a prescreened buyer for $190,000.

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JT ** The big question now is whether the U.S. government's move to take over Fannie and Freddie will restore investor confidence in the nation's credit markets, help stabilize the stock market and keep loans flowing to creditworthy borrowers.

I am interested in this house (although somewhat scared by its cursed past) but I don't have a good idea about the cost to restore it.

A few things you'll like to know: What was the source of the water damage, is it dry,was it repaired, and was the damage properly addressed according to industry standards (S520 standard andreference guide for professional water damage restoration).

They have an interest in seeing it restored to beauty.

This decision again is based on the female as most men don’t take candlelit bubble baths or require a pulsating massage.

oki doke lets say you have 130k to spare and your new to investing. but you are also very able to restore a home as well as just rehab plus have :superman: all kinds of tools and still have some youthful energy left. would you get rentals to build an income base and equity over time or would you go for the flip the first time out of the chute?

This place needs a ground up restoration (Masonry, framing etc.).

Hello Mr Johnson, I specialize in home improvement & restoration in Las Vegas & surrounding areas .