I been focusing on properties less that 100k my fathers a contractor and I have and adequate amount of cash to finance the properties and rehab them under this price range.

They have 40 different classes ranging from the 100 level to the 400 level in difficulty.

But there are many people who have a monster rental portfolio and make a darn good living.If you are going to flip a house I suggest that you purchase a house that will be in the median price range when it is rehabbed, that way you will be in the price range where there are the most buyers.

We currently have a great list of properties in our area that are well under valued, with post construction a profit of 35%-45% of overall sales price. price ranges from 15K- 150K purchase price before construction.

Know-It-All, but it's been 15 years since I bought an REO and I'm pretty sure the ground rules have changed a bit.I'm looking at a couple of SFHs in my area, $150K range, ARVs in the low $200K.

There are properties there still in the 100k range.

They will get their first chunk of money from you ranging anywhere from $1000 - $3000, then tell you that you need to pay approximately, $50,000 to really learn how to do things properly.

:lol: Also, another part of the sidewalk the guy installed these ugly pink fake brick pavers, and they are desintegrating. part of the sidewalk lets two inches of water collect when the snow melts in the spring, making it hard to walk on for about two weeks.

Any holes/dents in sheetrock, particularly where doorknobs hit after the tenants have broken off the door stops.Excessive dirt at the corners of walls where people put their hands in order to turn corners.Dirt and grease on stove and oven.Dirt, grease and scum on tub and shower tile.Built up crud, hard water in toiletsUnkept lawn and shrubsCuts and tears in any linoleum or carpet.Stains in carpet.Smoke stains on ceilingsGrease on range hood.Dirty windows.CobwebsDirty baseboardsCrap left in garage.Unauthorized repainting of walls.These were always the big ones, and hardest for them to dispute, for me.all cash

ARV around the 50-65k range.