Renters have a specific amount of cash for the rent and they can not pay a lot extra for age.If you want to buy, fix and resell then historic works for a few.

Flipping is buying fixing and reselling.

That or a wholesale or rehab home to fix up and resell.

I've heard of other investors trying to liquidate as much as their equity as they can to start scooping up the cheap SF homes on the market so they can then resell them after the market rebounds.What's your strategy?

My husband and I are interested in rehabbing and reselling properties.

Some will go to 100 loans per investor.Or take them to the commercial lenders who will provide a blanket loan solution.You can not take them to traditional lenders who expect to resell the loans as there is a limit of 10 loans in the resale market.John Corey

What some will do is buy and resell a few properties before keeping one as a rental.

Doesn't meet my criteria.But hey- you bought it, knowing damned well you couldn't pay for it...or...cashed it out...not to improve, but to go on vacation....Now you're stuck, and I cant even help....but I will be there when the bank resells it, cause at this point in time at least the bank knows they made a bad decision, and you may not have the equity to sell at a loss, but hey - the bank can.

Ok,SO I have a freind that calls me and wants me to fly to Detroit to Invest..Here's the deal he has 20-30 properties that we can buy for 15K fix for another 30 KWe will be Rehabbed at 45KThese rent for $900The ARV is 90K for this market but resells are bland right now..Our take is to get 60% LTV BANK loan of 54K at 20 year AmWe will cash flow at about 150 a door per month on the 20 Year noteSo 30 of these we will get9K in pocket * 30 =270K36 K Networth Increase * 30 = $1180000 Millionaires150* 30 = 4500 a month cashflow!

If anything I could rehab and resell but I want not much to come out of pocket.