The fees follow the rules and regulations for real estate (Federal and State level).There is nothing magic about an REO deal.

That's right I said it; Even if the home has been on the market for 60 days, most asset managers approval levels are based on the current list price, which as you pointed out, is reduced every 30 days - most of the time.Unless its priced right we keep tabs on them until they get into a price range where its a buy.

You could use whomever you wanted to do the work but time would be your enemy.Someone correct me if I'm wrong on this.I am planning on using a 203k to buy a fixer upper as a primary residence and either sell it when the time is right, or pull equity to fund other REI opportunities.

Odds are that it will be more attractive to middle and upper income tenants then to low income tenants.There are so many different upgrades you can make and charge for, but as an outsider, it is hard to determine what your tenants would find most alluring.

There is a certain level of loyalty and respect, but there is a supreme understanding that we're all in this to make money.

The area doesn't appeal to me on many levels, but that doesn't mean it not a great place for someone else.

Note that when they ask about you answer but rather soon after come back to what you want to know.Try to leave a good impression based on your interest level and not your story.

Liquidity for investors in the higher LTV levels is not the infiinite playing field that it once was---but it is still available depending on a variety of circumstances unknown at this time.Regards,Scott Miller

If it then works out that the house goes up or down in value just ignore its value unless you are willing to sell.Having a bedroom on the main level or other factors could be more important to your future happiness than trying to keep the value of the house under X% of your net worth.Flip it around.

That's typically a nicer level of finish than you would ever do in a rental.