Spending $199 hoping to make a million.

As a buyer, it doesn't make sense for me to spend $300 on an inspection and have you the wholesaler write a contract with someone else before I can submit my contract.What is happening in our market, is wholesalers aren't allowing inspections, want a non-refundable deposit, and in Bienes case, a large one (this is assuming that it is a lower cost property).Is there a solution that creates a win/win for both parties?

Enrie, Your best bet is to spend some time on the site and learn more about the "flipping" side of the business.

I would look where the commercial investment is going and where the town or city is spending their money.

This is not taxable income.If it is on a rental property than he needs to spend the total 13k replacing the property within 2 years of the year the insurance paid.So if the property burned December 31st, 2010.

The buyer of the lot wanted to extend the back lot line because the layout of the lot as well as how the lot was leveled.

If you are hoping to keep the locks to be rekeyed, chances are they are not that great of quality of locks (most are not unless you spend >$200)and can be eazily picked.

Basically anything you spend, plus mileage you use looking at properties or otherwise conducting business.

People are always in and out, treating the place like an extended stay hotel.

About 80 percent of the time the property looked good in the picture but when you got there in a matter of a few days to a week the place was trashed.You have to remember for the small commission the REO brokers are making on these it is "cash for trash".Small lots,old houses,very high taxes,and aging city sewer system that is falling apart.Many of these houses the foundation does waves,electrical and plumbing is stripped,mold,etc.Smart local investors are buying outside Atlanta in the surrounding counties where they spend a little more but nicer areas and higher rents and lower property taxes.