One reason I chose to move to Kingman is the tremendous real estate opportunities here.Have partnered up with a guy here locally who's been doing rehabs for quite a while.

You can't cash out refi because the closing costs and payment will eat you alive.

I have spent quite a bit of time planning and developing my strategies for when my market slows down but again it has not yet.

Wholesalers normally do quite a bit of advertizing.

Thanks Wesley,I see that you are from Plano- I'm actually quite fond of the North Dallas area!

I am sure they do quite well, but there is alot more to the picture than what A&E shows.

Thanks for the advice.I spent all last night reading several of the posts in the foreclosure forum and I can definately say I learned quite a bit just by doing that.

That is a lot of work and will require quite a bit of intestinal fortitude on your part to accomplish it.

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

commercial all mostly depends on the income as in my experiencei have made quite some good profit but lost many as well. however, residential is better since financing is much better. commerical determines on rental coming in AND track record. if you don't have some good quality tentants...finding the loan is difficultthankssunsmicro