I recently wrote a forum post about looking at a range of returns, because while your estimates may be the average, it's unlikely that your return will fall exactly there..

Activity in RE can put you in a position where thing may fall in your lap and you can take advantage of a situation.

This should apply no matter if there is low inventory, high inventory, motivated seller, unmotivated seller,spring, summer, winter, fall, today, tomorrow, 20 years ago, 20 years in the future, etc.

However Bill, they ARE subsidized to the extent than they FNMA and FMC ended up guaranteeing an enormous chunk of the market, paying lots of dividends.. then ended up falling under the Treasury's auspices as a lifeline until they're finally back to paying it off now.

Those laws will vary state to state but in most states, including here in FL, a tree falling is an act of god so unless you can prove negligence (such as the tree was dead and rotting and you had warned the owner about the dangers of it falling) then it's going to be on you to fix the damage to your property.

. :)While I'm excited to be a noobie to "making money" in RE, I'm even more excited that my house, that we bought last fall, has already appreciated enough to break even if we need to sell.

So thought I'd ask the community if you see homepath deals fall out often and what the average time frame is to come back on market when they do.

We have about 30 rentals - have done two flips in the last 5 years, did ok but prefer long term.We purchased two homes this fall basically $10k each in a smaller community (10 miles from our main city).

@Kwamena Odum I agree with @Nicole Williamson a property in Baltimore for 5K would be likely falling apart.

The floor was so damaged that once I got it down to the plank subfloor (I was planning on keeping this if in good condition), you would fall through the floor.