Eye for an eye, my brother.

I just read that the US is considering a takeover of Freddie Mac and Fannie May - how does this affect us as real estate investors?

Here is the yahoo link to the story: http://biz.yahoo.com/nytimes/080711/1194793612...

In addition, the interior is a hideous shade of yellow that's so pale your eye can't really tell at first if you're looking at a yellow wall or a white wall.

I have had my eye on it for a bit of time.

Busted :eyes:

Good eye Clifton!

@J Scott, to me value add means if you go into a project for say $80k which might be close to current market value and spend another creative $50k in rehab and end up with a property with an ARV of $190k giving you a projected $60k margin on a product that you bought on the basis of seeing an opportunity in the rehab process rather than buying at a discount which usually means you bought it in distressed condition.This way of making deals demands not just creativity, but also experience and a good eye.

Eyes on the ground in Texas would be tremendous help.

I am an untrained eye. 

I'll definitely do more research once I've got some shut-eye, but I understand it also can't hurt to involve some other, fresher minds in the meanwhile.