It needs very minor repairs, the landscaping needs cleaning up.

Originally posted by "Judson":I don't know California laws (or Illinois) at all but in North Carolina it doesn't matter much to the banks anymore if someone wants to file bankruptcy they have a much easier time getting the home separated from the bankruptcy.

You don't recognize it that much because Josh does a great job of cleaning it up a couple times per day.

Two Words:FLAT TAXjust makes things so much easier.

I also have the ability to accept Visa and Mastercard payments for inspections to make it easier for the buyer.

Hello, I would like to ask (anybody) do you do reo (trash outs)? What all do you have to do? I know about having $1 million is general liability insurance. What else do you need to do?

Thanks to all that read an...

GOOD LUCKYou have probably heard this before, but it absolutely true.The hardest deal is your first one, they each get easier after that.Make sure to do your homework and once a deal looks good and feels good, go for it.

I am not sure where you are located, but $100-$125,000 in KY would probably buy 2 homes that could be rehabbed and you could pass your contractorsr between the 2 to keep them working for you.I have found that I typically have to do some of the work myself, whether it is painting or cleaning up.

Also, if it has gone into forclosure and is now a bank REO (am not sure if it is yet), does that wipe the title clean?

Its easier for me to build a team there because I have high school friends that are: contractors, landscapers, and plumbers etc...I have been to one local investor group meeting and it wasn't great.