I have over 9 yrs in the industry and flipped more than 100 properties.

I bought the 1st property about $15,000 below average comps in the area.

I was recently speaking to someone who owned a vacation condo in Hawaii and was quite shocked to hear that his property management company charges him 50% of his rental income. He was however very happy with the arran...

During the early '80s the average house in Houston LOST 50% OF ITS VALUE.One we went to was occupied by a (recently arrived) Vietnamese family.

I will be looking to either do a 80/20 in subprime market or try to get FHA financing.I currently work in the mortgage industry for the past 3 years so I'm familiar with a bunch of programs and I was a processor for a brokerage that did a lot of subprime so getting a mortgage wouldn't really be my problem... the thing that scares me is having problems with the tenants in the Newburgh area since there has to be a reason the prices of these houses are so low...Thanks guys!!

I've been in the mortgage industry for the past 3 years.

So, if you average $5K per deal and do 3-4 properties per month that would be $15K to $20K per month.

(taken from my favorite book)If you will to try and contact someone twice you will excell 65% of the individuals in the industry.

An still probably do well and make good money.There's numerous hidden markets in the real estate industry that allows opportunity for all personality types.

I posted this under the rehab section - though I might get more play here...Short version of my question :After much research I believe it would be relatively easy to consistantly turn houses for a quick $10-12k net profit...on a 90 day average turn.