Is that a good approach?

I use a different approach that has been working for me for over 2 years now.

The note remains in your name.I know others here may disagree with this approach.

I asked what they would consider for this note and reminded them of the approaching demolition date.

He paid so little that he brought down everyone's property value.

In my jurisdiction, a house move was treated as new construction and the entire house had to be brought up to code.

To narrow this down here's my approach...If I want to beat out the pro's at auction I would look to offer 80% (generaly, a couple of weeks before the sale was scheduled).

So, do the math using the gross scheduled rent, your expense percentage, and your expected P&I payment and do the math yourself.Using some sort of rehab loan to get the property fixed up is a reasonable approach.

Earlier today, I was sent an article from the folks at Forbes that they thought our readers would be interested in.The article is a great read and brought a new perspective to things for me.Subprime In Sheep's Clothing talks about how a new trend in the industry, a mass of defaults in Alt-A loans, may continue the downward pressure on the markets right where the sub-prime loans left off.This one is worth looking at!

You're operating off of a different system from the buy/sell/flip approach.