My partners are in construction so we will do the majority of the work to maximize our profit on this first deal.

Hey Shirley-In NC you do not need a lawyer to close, BUT... it is a very risky undertaking to go REO without one.

I don't have the experience you folks have, but I see basically the same thing here: houses sitting on the market, being taken off, even rentals sitting empty, few people even looking.Builders have stopped building in my area, but there is some commercial construction on the other side of town.I wonder, is it time to take all my pennies from the bank?

In the NJ, NY, PA area we have construction crews that are available for investors from out of state.

I have no experience in construction :oops: (will def. be reading and attending store DIY classes to learn more about tiling/ flooring/ etc.).

I may try and assign to another investor for 3 or 4K but i would really like to rehab this one and make some huge profits as i work in the construction field and can do alot of the work myself.

I do not know how to do this.All I know so far is that I can go to the town hall to check the tax records to find out who owns the properties, how much they are valued at, and if the zoninf got those lots will support new condo construction.

Put me next to any college-trained mechanic, computer programmer, web designer, network technician, computer repairman, construction contractor, or internet marketer, and i could carry out a conversation as if i were one of their classmates for years.

construction lender giving up to 90-95 ARV

You can also get construction loans which will allow you to have draws to help in repair cost.