Hey guys great website here and lots of information.well first off im 25 years old i live in the northwest side of Chicago Il, I have currently seen a great number of properties being foreclosed of abandoned in my area of Belmont Cragin neighborhood and im interested in learning how to get in to the buy and flip business.

Here is just a quick example of why you should never do this:"Those considering obtaining attributes because investments will appreciate that roughly 42% of Memphis neighborhood occupants hire as opposed to personal their own homes and additionally it really is an region where investors currently have little trouble keeping their qualities rented.

Many neighborhoods, even older ones, have only a limited number of floor plans.

We've been very selective for the right neighborhood and price range, so not too much inventory in our category.

But so far, it looks like @ $250K range is working out better than the low end.Of course, it will vary, not just by city, but even by neighborhood.

So now I'm wondering if the reason I'm not getting any interest is that they are bad deals.House #1 - 2022 square feet, 4/1, very upscale historic neighborhood in Knoxville, TN - List price was $99,900.

If you are not a contractor yourself, then bring one in and have him bid or ballpark the rehab for a few different finishes depending on the neighborhood (i.e. rent ready, owner occ, high end owner occ) Make sure he is a well respected contractor and then pass his bids to the person buying.

Houses in my neighborhood are just not selling for the price I can afford to sell at.I want to get a lower percentage of 4% if possible to make renting it more profitable but if I do manage to sell the place I don't want to lose money on the refinance.I am checking out the internet but I feel I can't find a site that will educate me without them wanting my personal information or me feeling like I might be falling into a scam site.Any direction would be great, thanks

This is an up and coming neighborhood withing biking distance to campus. 1 Unit is supposedly vacant supposedly to make showing the unit easier.

I just checked and there are only 4 homes available in the neighborhood of 200 homes (all 100K over my cost - I expect to spend 20-25).