Then when they tell you what they want, you tell them what youcan do...and if there is a meeting of the minds you'll end up doingthe deal.In all fairness, the one who does the work should get a nice reward.

There are a few house that I have driven by and a really nice houses.

They pay great for a while then start falling short or off all together.Anyway I own my house I live in now and sold the 2 fam got a nice piece of change from it too.

Some other things to consider:- A HELOC can be nice for covering SHORT TERM emergency repairs if you need that security.

Other - legal issues for contracts.Most of us in residential have a contract that we've gotten from a lawyer or a friend, but at the very least we can get nice pre-printed contracts from office depot.

We on this board don't call what she did "flipping".It is rehabbing.The nice thing about going about it that way, is whathappened on the show.

be disciplined, keep it nice, and keep to your plan - then do whatever, refi, sell, etc.

The lender should be loaning based on the buyers credit worthiness and the property LTV, not the chain of title.Its called a double closing, and not only do we talk about it in print, some of us make a very nice living doing it.The reason mortgage lenders are getting skeptical in their lending practices is because of the all the creative mortgage programs being offered by lenders.

cyndi,if you buy an "ugly house" you just have to make sure it isn't too "ugly" and thus in need of a large amount of work.if you or a partner can do the work - and manage to spend about 6000 on materials (paint job, rugs, doors, some appliances, ceiling fans, a tile floor, and a few other splurgy/nice items) - then this strategy is definitely doable.qualifier - it's easier said than done to find these deals, because the we buy ugly houses guys buy'em all up!!

Looking to meet and build new business relationships and friendships, Thank you and nice meeting everyone!