They're much more labor-intensive to underwrite, and they don't get paid any more for them when reselling.

Given the amount owed and the market value (and the big difference between the two), your best bet is probably to try to negotiate a short-sale with the lender for a price that would allow you to resell the property for a profit.

Our 2010 Goal was not met, we sold 9 rehab properties.Our Goal for 2011 is Rehab & Resell 20 properties and Wholesale 5 properties.In month of December we put 3 properties under contract.

If the home is in a park and without land, you can look on used manufactured home websites who resell them and get a retail price.

The seller will have to get paperwork signed by the appropriate persons in the organization.

There are a lot of small private schools and organizations that sell "scrip".

Invest some in real estate, give some to charitable organizations, some to friends and family, and take risks in building other business ventures.

Wow Steve, you must be especially organized and diligent to run 30 rehabs as well as your 50 hour a week career.

Not interested in Apts and the main reason why is re-sell.

For example, Fannie Mae generally restricts their REO buyers from reselling a property for more than a 20% profit for at least 90 days.