In a hot market, you get that many more people interested in your property which can drive up the price.I would say the level of staging and amount you want to spend on it depends on the price range you are in.

If you do that you may end up spending more of your time doing lawyer activities and less doing real estate investing which could be counter productive depending on your goals...

His loan on the house obv wasn't large, so I was afraid he would wind up spending thousands on contractors to try and get things done in a few weeks when he could take his time a little with fewer contractors and just pay out a few hundred in mortgage payments and save himself some money, i.e. make himself some money.

The places I am looking at are anywhere from 250-450k (ideally looking to spend 280-350k).

Good Luck,Mikei agree 10,000% . after spending 60 days on 3 REOs only to have NONE of them closed, i don't even deal with banks or realtors.

If anyone could speculate on typical reasons as to why a large number of units like this might go completely vacant that would be educational for me.Also, in general, in your experience when someone says it "needs a rehab" are they talking about spending $500 or $5000 per unit?

I tell people to spend a week with me in the wild and they will never look at a hamburger, a fishstick or a leather jacket the same way ever again.

Great responses, I will be spending more time on this forum!

Spend time here on the forums, on the blog, and going through the tools and resources on the left of this page.

I work with a lot of investors and I am scrambling to find a deal from them and usually they don't come from MLS.