Someone here suggested flipping it immediately to someone else without doing repairs - i.e. wholesaling or selling to a consumer.

If space allows, the additional cost would likely be well worth it in terms of return on your investment.At least where I live, anything with fewer than 2 full baths won't sell very easily -- if at all.

That said, others are certianly capable of doing what I have done.On the whole, there are fewer REO's coming out this year vs. last year or year or 2010.

Carpet "remnants" are often big enough to do some small bedrooms too, if you can find a couple that match.We probably spend more time tracking down materials than most flippers, but its a lot easier to save the money and have to flip fewer homes to survive.

It takes less time than 8 SFDs but it can be time consuming and you need to be flexible in your personal schedule to tend to the flock, you never know when you will need to go over there.

You do have to resubmit frequently, which is time consuming.

It's like a Guru program...many will buy, few will take action, and fewer will have what it takes to have lasting success.

If you want to wholesale to consumer or landlord, then formula would be different than wholesaling to other investor/rehabber.

If we were doing a more complex, more time consuming rehab, we would look more closely at a General Contractor.

SmartMove was designed as a consumer initiated website.