I got an ad for Dominion in the mail the other day and was thinking about checking them out, 100% PP and 100% rehab sounds nice.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $350,000

Cash invested: $40,000

The OG, my pride and joy. I went big early.

Hi Shak,If you have added value by doing upgrades to the property, I do know of programs that can do it with no seasoning.

I do not see that home prices have dropped 2-3% and this is a lot of added savings in additional to a downpayment if so. 

I tried in my market which is the 2nd biggest to New York, so pricing for ads was really high and the return was not great.

I would say anytime you can add value in real estate through taking a distressed property and fixing it up and adding value it is a good choice whether its for investment or primary ownership purposes.

I haven't added the 11th, the one that lost about 60% of value. 

Adding to what Greg said, there are lots of buyers who aren't pre-approved or will make an offer and then not be able to get financing wasting the seller's time.

My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.

they're often much more expensive than they appear because they have deferred maintenance that has been adding up over decades.