to major compelte rehab projects, equity spreads range from 20k to 100k+ let me know if your interested in the Atlanta market, we can do some deals..ir your interested email me at [email protected] As for the contract, you can use the buyers agreement below, the seller or wholesaler will give you a contract similar to the one below or if you have it then you can supply it to the sellerhttp://www.totalrealestatesolutions.com/realestateforms/html/BuyersPurchaseAgreement.html

I have done one deal similar to that and for some reason the person that was doing the second assignment was paid as a consulting fee on the HUD 1.

September of 2006 saw 11,103 single-family homes in Dade County, for sale; with only 758 homes sold.The condo market in Dade County has been similar.

I have been working with some partners recently developing a new program similar to Lonnie's to teach this and we have done some research in a few states and found many deals available at very low prices.

He bought from me for $180K and still had some equity in it according the appraisals we had done.Now 3 and 4 units is usually about as close as I get to the residential investing (I just don't care for SFR), but I know a few guys who regularly see similar numbers on their deals and they swear by SFR investing.The biggest key to being successful down here is that you really have to stay on top of the deals as they come on the market because the really good stuff is usually gone within a few days.Originally posted by "reloaded":Please post some of the deals...ie pricing etc.

The upper end (over 300K) and new construction is getting pretty soft.I've been researching Lubbock, and it's very similar to Amarillo.

I'm in a similar predicament.

You need to find a comparable size house (bedrooms, baths, and square footage) with similar attributes and in the same area to be able to accurately determine its true value.Then you would need to determine an accurate estimate of repairs/updates needed to sell the property for that area.

I would love to get in touch with similar newbies in the area and see what you are doing, network, learn etc.

I'm sorry, Wes, I didn't clarify, but I was referring to the original post.Now Wes in reference to your post, I have heard a similar story before.