If title/escrow don't disburse the funds exactly as described in the settlement paperwork, that's millions of dollars in fines.

A colleague of mine recently told me a story about how he made 8 Million dollars from 1987-2007 (lost some of it during the market crash).  

I just cringe when I see these people pop on BP " Hey I want to learn to buy NPN"  granted folks have to start somewhere but NPN is a poor starting point.As you state.. so many of these homes will be totally stripped  .. of course some are probably lay downs but.. in my mind unless you have MULTI millions to do this with and can scale and have a very compentant group.. its not a great starter type investment

I $1.5 million house could only rake in around $5000 in rent.

So, last weekend I started to work on getting the home in very nice condition so that I can fetch a better $$ for it..

I have 14 months to achieve that.Owner 200+ units.Manger 1,000+ units.Some newer goals that I would like to accomplish in the next year areHolton-Wise to do 30 million in sales in 2016.Employ 100 Real Estate Agents.Open a 2nd Holton-Wise office.I will provide a progress update once I hit 25,000 posts.

My only experience is that I know the construction game and have made some good money from flips in easy times....this is a different time but there are a million articles in here about reacting to different markets so I plow ahead...sort of fearless at this point!

Fortune articleIs this the new wave of buying and selling? Or does Opendoor just cater to the lazy, instant gratification (millenial) crowd?I could see this format effecting many wholesalers and flippers that target f...

And could probably fetch near $300K.

That includes the couple who just filled the last available unit in their 39-unit Veteran's Supportive Housing project right here in town: Around $750,000 in acquisition, around $3 Million in rehab - none of it their money.For what it's worth ...