.), to as large as doing a complete remodel or addition with the intention of increasing rents and/or resell value.The benefit of doing this is that the investor can now introduce bank financing (I.e.

Especially since your profile says your RE Goal is "To buy and sell as many notes as I can and re-sell to other investors at a great price."

You will have escrow fees on the front end and the re-sell, but with $22k in gross spread, you will still net over $18k.You can also buy in an LLC and then sell that LLC to your end buyer saving you the second escrow/title fees or use a trust.

Furthermore, it's interesting how Obama won't respond to the fact that so man charity organizations are now hurting because one of their main revenue streams was getting beater/clunkers and reselling them for a profit.

He now has his house that is cash flow positive and I have $100k (or some sub amount of that) in seed money to invest as I see fit over the next 2 yearsI know this is one of those 'too good to be true ideas'...or so I hope it is, but you have to understand that the initial discussions were around me looking to find investors to loan me $$ so I could buy, fixup and then resell.

Do NOT give in to the temptation of trying another strategy like flipping (buy-fix-resell).

This may make the numbers not work well or at all for you.Do you homework first before considering the acquisition, such as understanding the target market for whatever are your plans - a quick resell or holding the property for a year or more.

Aside from performing some additional research, would someone be willing to provide some guidance on a strategy.Home Purchase Price $77,000Repairs $12,000After Repair Value $129,000This is a HUD home, so I am unable to resell until the 12-month occupant period is up.

Most land speculators that are successful in the long run are more prone to use options tie up land until they're ready to build or re-sell at a profit (or bail if the market sours).Keep us posted

If so, I think I understand how that works if I were to resell, but in the meantime does adding this cost to the basis mean that I can now depreciate based on the new higher basis?