@Gregory Massi It is always better to remove the sheet rock if there is mold on it.

In my experience when the city is investing in an area, it is because the area has hit rock bottom.

A popular rule of thumb is called the 50% rule. 50% of your income will be spent on expenses, not including the debt service.

We could just keep it simple with non-performing and it's popular antithesis of performing.  

Hi, I found a foreclosure deal in my area which is selling a home for $29,300 by  the bank but home sold for 100,000 + in 2006, area is idea for buyers who rehab and use as rental property and average rent is about $850 in the area and very popular....as a newby trying to wholesale and resell to an investor who will triple their profits what is my best approach?

Do a quick survey of whats popular with renters in you area.

its very hot.. but profit margins all in all are thin when taken as a % of the gross project amount.But houses also sell in 1 to 5 days.. if they are in the major metro area.We have a huge play going on now .. of tear down and build McMansions.. not really McMansions but little 1920 bungaloos are taken down and two story period homes are built ( PDX 4 square) being popular.. and on corner lots you can do a common wall and get 5k sq ft in two homes on a 4k foot lot.. and the homes will sell for depending on which blocks 450 to 750 each.

Rock on, Brenda!!!

Any one else rocking LP that has also added this tool?

If you aren't willing to drop money on a couple mailings that basically have no chance of bringing in a deal then this business model probably isn't for you and the course will not give you a rock solid, step by step turn-key system.In my view, the biggest newbie pitfall is inaction.