A run down place surrounded by a neighborhood of nice places is a good target.Understand the process of a double close.

All my properties are in Richmond (the city - not SF neighborhood) right now.

Are there solid B neighborhoods in Springfield, MA?

This is obviously an issue in a lot of neighborhoods so it is a hot topic on BP.

I am looking everybody's $0.02 for the definition of ARV.When the typical investor is talking ARV (As Repaired Value)are they talking "Repaired" as in: A) repaired to average condition for the comparable house in the neighborhood?

I also heard from a builder/renovator that works in the neighborhood and they said that 2 stories is no problem and even 3 should be okay.I thought I read that the seller has too be honest in letting you know if there might be a problem with your intended use if they know what it is.They didn't tell me about the engineer's report until closing had already happened and I took the wall down.

It varies by neighborhood here.

Hey folks, got a good deal on a house in a very hot neighborhood that is going up in value quickly.

I tried buying the note directly from the bank but given that this bank is a large bank, I was given the runaround and the lower-rank employees who answer the phone say that they don't sell notes.I am willing to partner with and share my profit on this deal with anyone here who has ACTUAL experience buying Jumbo loan/note from a bank (please, do not answer if you just heard it from someone...or you read it from a book, or worse, learned it from the "gurus").

Property #2 was 3/1/0 1048 s.f. in a lower rent neighborhood.