As opposed to these REOs hitting the market one by one....Someone has paid attention,Email me when you get a chanceI have a question for youChris

If you turn the responsibility for taking care of your money over to someone else, whose main job is to separate the money from your pocket and to put it into their own pocket, and you don't pay attention to what they are doing, and you don't understand what they are doing, you give them a very good opportunity to cheat you.There aren't that many really good reliable management companies.

Yes doing the work yourself is the long way, and holding costs can eat up any savings gained by doing it yourself, let alone you can't market for buyers or new properties if you are rehabbing, but I can understand you want to know the process for future investments.Do keep us informed of your progress!

[size=18]I just wanted to bring to everyone's attention that we just recently crossed the 80,000 post threshold on the forums, and we've now got over 17,000 members!

If you sell it in a few years for $130K, your gain is the net sale less the basis.

Creedog:Pay no attention to the preceeding buzzkill posts!

I feel like this experience is entirely repeatable and the next time around the gains will be even greater.

As a wholesaler it is important to be as accurate as possible when it comes to estimating repairs to gain trust, but with that said, you never know what extra things a rehabber might do to the house, so only estimate generally.

BTW - Gloating about oil gains is not the way to make friends in this economy.

I merely attempted to bring to your attention the tone and disinformation that was being perpetrated in this particular forum.