House was remodeled and needs 'maybe' $2k in cosmetic upgrades, investor bought it did the work and ran out of money.

Property needed a lot of work and had a small crack in the slab.

ie say everything goes through, you get your cut and the seller gets paid, your buyer starts work and finds out there was something hidden that needs to be repaired ie plumbing, wiring, etc.

REO investing is not difficult for a newbie or seasoned investor, getting the right contacts and delas takes work and effort.Finding motivated private sellers takes much more marketing and a lot of hard work, but as he stated, can provide high profit margins as you are dealing with someone who is not only motivated, but most often, not as financially savvy as a bank and therefore you can negotiate better price points and even most importantly, BETTER TERMS.

The other thing that I thought might work (and this is just me thinking here) :idea: is that if she could somehow negotiate the heloc down with the bank, a cash offer would work.

Guys - As I always say, there are no shortcuts.

So the plan is to hire out the work and concentrate on creating a machine like operation.

But what I had to offer was an ability to work, and some construction know how.

If you're just doing small projects fixing something, it may work. And

I am not in a hurry to share contacts, names, addresses, how I work and why with people that are my competition.I just happened across the thread with photos today and saw a photo of a property and lost it.