This is between the corp tax rate of 15% and the individual rates.

It's been getting nuts out there.But your "market price" indicates it's in a less desirable area, like SW Denver, or ??

This is a great place to meet more like mined individuals that can share their knowledge and experience with you.

I've emailed most of you individually but just want to thank you all again.

.* I do not know anything about how to evaluate real estate values (but I think I can learn), or the costs of renovation.All that said, I believe that I could be successful in scouring near and far for properties with equity that could be purchased or optioned at attractive prices IF I can partner up with investors with cash and with individuals who know how to renovate cost effectively.

For the banks more than individuals.

As Mike indicated some builders may not respond, check them out prior to selecting one.

Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.

The buy/sell would also be handled by two real estate agents.I ask because I'm drawing up an offer where the seller has indicated interest in financing, and while I don't want to complicate things (it may scare them, they are older and tired of the property) I do want to have all of my ducks in a row.

We are going to join our local REIA in our area for further education and to network with other like minded individuals and investors as soon as the next meeting comes around.