I recently had to rebid a job to go from no-WC to carrying WC... the bid increased 60% on straight cost alone.

:roll: As I am in business to earn a conservative profit to compensate me for the risk in this difficult market, I must also consider the costs for acquiring, carrying, repairing, marketing, which total about [insert your cost calculations here], and eventually selling the property.

The Trustee is not an agent of the Mortgagee (Lender), as long as the Mortgagee (Lender) provides the proper notices to the Trustee, the Trustee must carry out their duty.

I'm sure if you'll poke around in old threads, you'll find lots of suggestions on how to evaluate your offer price, from people much more knowledgeable about flips than I.In general, there are formulas based on selling, carry and closing costs that go like this:ARV X 60% (or 65% or 70% depending on percentage of profit that a market will accomodate) less the rehab costs = MAO (Max allowable offer).

I have some friends who were doing huge volume of REO's as listing brokers but with robo signing listing volume went down and carrying costs were eating them up.Some had to down scale or pull the plug and switch to short sales as asset assignments switched to a trickle plus listing price dropped eating into margins further.

., and have the seller carry some financing so they also have a reason to see you succeed.

Bought it for $315,000; renovated for 98k, carrying costs 66k.

The other key factor is not to waste time with the masses of agents who haqve REO's but to go after the Top Dog brokers who carry 30+ listings at a given time.

She says that she has been waiting on them to get a loan through the bank but their credit is shot and she is tired of waiting.Here's the numbers:ARV 130KAs Is Value 110KI was thinking of taking ownership of the property from her, with her carrying back the 110K, and then I will then turn around and owner finance the people who are already in the house because they want the house, at a higher interest rate to make some cash flow.

You could carry unused loss forward UP to 20 years and even go BACKWARDS 5 years, file an amended return and recapture income taxes paid in the previous years.