It's all a matter of organization, setting time aside for certain functions and sticking to it..I never owned 1,200+ units at one time, but I was the Commissioner of a large Public Housing Authority so was very involved in the oversight of multi units, high rises, to duplexs.

When you own notes that you have purchassed you can resell them quickly.

In today's world where everyone wants to be a victim it is entirely possible that the previous homeowners or some activist driven organization could contest these type of foreclosures.I have not heard or read anything on the subject... but perhaps others have and can point out the source of that info.This entire topic further reinforces the need for buyers to have their own title insurance policy.

With an investment of on average 100k - 250k, we could resell anywhere between 750k - 1M.

Work on numbers to offer price and resell price ( ARV ) etc.

Originally posted by Bryan Alenky:will, that's great advice....except the agent part...lol i already list my rehabs with a flat fee service, so i've shut my preferred agent out of the sell side.....but yes, in this case, you're prob right that it's best to give the listing agent both sides to get the deal...thanks for the ideaMy statement was only intended for the acquisition side, not the re-sell side.

Owner Occupied conventional (resellable into the secondary market), 30-yr fixed, look for 4.25%-4.375% and zero points.Investment property conventional (resellable into the secondary market, LTV limited to 75%, possibly 80% with a yield premium with certain lenders), 30-yr fixed - there is another 1.75 pts required by investors.

It's up to the IRS.And they've been pretty clear that flipping houses is no different than any other business that buys stuff and resells it...in other words, the houses are not considered "investments," but instead are considered "inventory."

You have plenty of knowledge to begin.What you view as your potential risk (ending up stuck with a home you can't sell and forced to take HM) is not really accurate.If you are trying to organize same day back to back closings, you will not get "stuck" with the property.The transactional lender wants to guarantee his money so he will inform the Title Agent not to disburse funds from the A-B closing if the B-C closing does not take place the same day.So if the B-C falls apart at the last minute (happens often), the A-B is simply unraveled and you don't buy the property.Worst that happens is you lose your Earnest Money and maybe some closing service costs and a bit of your reputation with that Loss Mitigator.

I am looking at an old house, built 1916, in Portland as a place to live for a year to 18 months while working on the parts of the house that I can work on and hiring out other parts before reselling.