Reglazing can turn into an enormously labor-intensive job all by itself.

VacanciesTaxesManagementRepairs and maintenanceInsuranceUtilitiesAny other operating expensesA very rough guideline is that these expenses work out to about 50% of scheduled income over time.

And yes, if I could get 1 or 2 houses refinance through conventional loan, it would work out better for me.

I don't know how easy it is to sell to another investor; I will say there are plenty of houses that need work out in LI, but from my personal perspective the sellers are still out on cloud 9 as far as their price expectations.

Attempting to find the next-of-kin of a decedent who has a vacant house can be an intense struggle, but when you find out that the next-of-kin is a relative of yours whom you never met, it makes digging in the trenches to secure a property so very worth it.

Theres a way to get around it where you dont have to put up the funds yourself personally in which your buyers would be putting up the funds and thats after you have built up a reputation for bringing them deals but i suggest you knock out a couple of these reos first...you could also jv with another wholesaler and go split the costs which u would workout the wholesale fees or however you work that out with the other guy...the $1000 sometimes is 2k as well,just depends totally.I would also suggest you read up on here a lil bit more on wholesaling reos cause it seems as though u are new to this although im not trying to bash you or anything ..the earnest money deposit is emd for short.

With wholesaling, I find that I have to be much more involved in the business day-to-day, I have to spend lots of time on the phone, I have to do lots of networking and "selling", etc.But, these aren't the things I want to be doing.With rehabbing, I can mostly extricate myself from the day-to-day business, hire and delegate most of the work out and only have to work a few hours/week.

I am hoping to work out a deal with the current owner to pay off the back taxes with an additional $10-15,000 to aquire the property.

Those who I've heard pursued this opportunity have said it's extremely marketing intensive.

Has anyone done this course? I bought the book (Secrets of The Millionaire Mind) a couple of years ago by chance in an airport transit lounge and loved it, however like the Kiyosaki Books it pitches a lot to join ongo...