The risk may be lower than other re investments, but don't know that for sure?

We have a call center that contacts these land owners and procures lots at below market prices, then releases them to our investors.

If you have any century21 agents, please refer them to me..I am also a Loan Officer, I specialize or niche in sub-prime financing.. which is one step above hard money, but one step below conforming or A-paper lending(perfect Credit).example: we can get investor loans funded with as low as a mid 500 fico..now if your strategy is to flip houses, then subprime financing is not for you.. stick with hard money.. however if your strategy is to have income or rental properties, then subprime finacing will benefit you especially those holding their properties to gain long term equity. average rates are between 8 - 10% depending on credit.

Flipping has basically two different meanings....You could get a house at an auction, own the house, fix up the property and then sell for a profit....orFind a house that is well below market value, get it under contract, and sell the contract to another investor for a small profit...2-5k.You are referring to the first approach...it's much easier to say rehabbing becuase everyone wil know exactly what you mean.

From what I have seen, it fits the niche for buyers who are looking to purchase a property below market value and cashout at closing, while still being in the green.

The first floor tenant was paying next to nothing and the second floor tenant was also paying below the average and the utilities were covered by me.

I dont know the balance on the note or the monthly payments but it was rented for 1500. so I am assuming he isnt a total bone head and made some $$ on the rent so it has to be lower than 1500.00.

the KEY, i would say is BUYING BELOW MARKET VALUE...but that's a whole other post...bottom line, if you ain't buying below market, you're not investing, you're...doing what any other schlub can do and probably operating either too close to break even or just in the red period.

Hi T-bone77,I just signed up and replied to a post.Please see below.

Three things you do not want to happen are (1) forced to sell below market because you have to be at your internship halfway across the country on July 1 no matter what, or (2) have your ownership of the house influence how you fill out your match list or (3) be forced to live a year or more away from your wife because of the investment.