Check the forum rules you are likely over the line given this is a place to introduce yourself. 3.

So, the usual rule of thumb would be that if the place is worth $325K after fixup, you would want to pay 70% of that, less the cost of repairs.

It can be ruled that you didn't buy the house but rather gave him a loan.

Along with bonding, E&O insurance, Individual dual signatory accounts and they should be members of the FEA and BBB.We have gone over and over the 45 day rule and still can't find any purpose in it.

The fees follow the rules and regulations for real estate (Federal and State level).There is nothing magic about an REO deal.

I've been looking into REO property, 1st time, and it's quite overwhelming with all the info one has to gather, such as liens and so fourth.

Some use a rule of thumb saying that if rates drop by 1% you can afford to refi.Better is to do the math.

Just my opinion.Do check the local regulations to make sure that you are complying with the rules and regulations for the area.

There are no rules against Doin' It Yourself.Once again,You Don't Give Them Anything!!!

And when the housing market turns around, the value of my properties will improve dramatically, so I want to buy while the market is bad.There are exceptions to every rule, of course, and we haven't bottomed, but in twenty years I think that buy-and-holders who took advantage of this environment will be glad they did....