Guess what?

I understand the concept of OPM and utilizing hard money lenders to fund an investment purchase, I guess it all comes down to networking and getting to know the right people to actually make it happen, as is how it works in any field/industry.

There was a huge shutdown on foreclosures so that gap is finally working its way into the lack of inventory.I'm guessing that there will be a huge unloading of foreclosures in the next 6 to 9 months that will drive prices back down.

My guess is the $70K rehab estimate was a retail contractor and way more than what an experienced rehabber could do.

Yours seems to be making decent cashflow, so I guess it comes down to whether or not you want to get out of this particular property for some other reason and what you'd do with the money if you sold it.

I assume you have read this thread http://www.biggerpockets.com/forums/16/topics/77695-bidding-on-auctioncom-occupied-propertyThis exact subject is spoken about, albeit from a specific REO source, I'm guessing the information stands for other auction companies though.

I guess.

I guess with all those jobs created there will be no need to raise taxes on anyone, because money will be flowing into the treasury!

My guess the land would be around $40-60k.

He will be making about the same monthly payment on the refi that he is making right now on what I am guessing is a 30 year fixed.