And one guy, the guy with the hedge fund, profited greatly.

At the end of the day, If we did not want to maximize profit in the first place, we would not be investing!

Thanks, I will definitely look there, thanks for welcoming me and I Iook forward to a profitable 2009!

if so Curt again might be right as not enough cashflow to make it worth the deal considering possible repairs that might come up later that eat into profits.

You know, Sardinia real estate market has high values (good and profitable real estate investments starts from € 200.000,00) but Sardinia is one of the “precious†investment regions, for its rental potential and because properties' values will be hardly affected by market changes, but will rather stay stable or even keep rising.Please contact me for further information!

Has anyone out there had any success with bidding on a home on a site like ebay and flipping it quickly for a profit?

If this happens everywhere in the nation, it will take away a lot of profits from wholesalers and investors alike.

Plus enough property to add more, or even storage units.So with my quick figures this could net 8-10k / month profit and thats with a property manager and maintenance man with rents lower then market.HMMMMMM..

Then there are others that are closing deals left in right and generating some nice profits.

Unless the deal makes sense at your current price and the $6K up premium is not worth losing future profits over, my advice would be to let this deal fall through and make another offer based on the new MLS listing price, At this point it comes down to what the property is worth to you and if you are willing to risk the deal over $6K based on your projections.