Roof, new ceramic tile in kitchen and living room, some lanscaping, replaced some fascia, a couple of windows, a bit of plumbing, a bit of electrical, replaced both exterior doors, painted living room and kitchen and complete exterior paint.I did all labor myself, I DON'T start real early, I get off the roof in the middle of the day and I DON'T work late.That took me SIXTY DAYS, from closing to closing.

They cut so many corners and still managed to sell a half-assed rehab for a decent profit.I am a mortgage broker, and I know a fair share about the lending side of Real Estate but I seem to hit the same road block when it comes to getting started.My only holdback right now is funds.

Minna- the day is about 6 months away when a flood of F/c hit the streets. the banks are going to take a bath then.

If you send emails to many realtors most will hit the delete button.

I have 2 graduate degrees but I know how to roof (I did one this year, started it 2 weeks after my 59th birthday) sheetrock, tile (I'm currently doing the backsplash in my own kitchen) and all plumbing.I can also do "some" electrical and enough A/C to know when I need to call the licensed guy.

My first post, this subject hit a nerve.

Now if they are willing to take a loss on it, then you might be able to make it a deal.The bottom line, again, being that it needs to hit YOUR numbers, and remember to be CONSERVATIVE in your estimates.

Once you hit that you go commercial and face all the extra costs and higher interest rate that you are now trying to avoid.

Robert,Did you hit the bottle early this morning?

A follow up question: Is it a good idea to buy a REO without an inspection, especially for very important, not to mention expensive areas such as plumbing and electrical?