The numbers work: Potentially up to $40k profit but I am cautious about the area not having a high sales volume over the past 3-6 months.3.)

If they say you have to "buy" their program, be cautious.

Winston, remember the government is not operational right now so be cautious when dealing with gov. back loans.

@Bob Bowling   Lenders these days won't go for hold backs   they will require the work to be completed prior to funding and for the appraiser to come back and complete the 442.Appraisers are very cautious these days they don't want to loose there licenses for these type of issues..

Many also send investors out like ants to do their dirty work to find that 1 in 1,000 deal they will partner with them on.So just be cautious and learn as much as you can.What about you purchasing a quad from Fannie Mae or Freddie Mac?

Be very cautious if someone offers you a mortgage if you do not have enough money on hand to pay closing costs.

I'd approach it cautiously.

I am buying cautiously, but I still feel bullish looking out 12 - 18 months.

My brother and I are going in together and are excited but also some what cautious.

Still going in my area.Things have slowed down for sure but there's always ways to make money in real estate.We are being cautious, more conservative on the ARV's but others are continuing like nothing has changed...