If you don't have cash to buy REOs - at least in a major market like DFW (or LA, or Phoenix, or ...) which is crawling with "wholesalers" who just completed the latest guru course in the hotel down the street - DON'T WASTE YOUR TIME.

Work should be a little less crazy in the up coming week or two, so I hope to be able to provide another update next Thursday at the latest when I get back down to the property to check on the progress again...in the mean time...here are some more pictures I took today of the progress that's been made.

I wanted to submit my latest update on this post:I spent 6 weeks in a hotel looking for a rental that would accommodate my family and I in the $2000 range and there was nothing to be found.

Buyer walked throughTuesday: Received cash offer from buyer for 250KShould close by this Friday at the latest for a total profit of just over 40kSometimes you just get lucky, but you have to be ready to act fast. 

Latest comp came in very high, $565k for a 1100sqft condo in same neighborhood.

The latest one, there has been domestic abuse and drugs in the apt, so there are needles, damaged wall, broken window, etc. 

Fortunately the feds haven't moved their rate since 08 I believe so the UW will just go off of the latest payment coupon.Janet Yellen has hinted strongly in raising rates as early as this month or December but only time will tell.  

Deadlines vary from city to city Detroit is the earliest cut off February 15 other deadlines vary through to latest I think is March 31 of each year. 

While I understand the reasons for checking pedigree, there is also the growing problem of data theft from major players on the internet, the latest in a long line being Ashley Madison (expect a few divorces when this data is leaked). 

Check out my latest listing that went under contract in 3 days for full price- zillow.com/homes/1109-seminole-indian-harbour-beach-fl_rb/