I have 4 employees that work for me re-habbing and can easily up that as needed.

A contract can be easily "flipped" to another investor for a small fee.

I have met people losing their homes to foreclosure now or have recently and the banks are not working with the HO's at all.

Once your broker gets that - you can have them start pushing things back upstream to get it closed.I even had a closer schedule a closing for 2 days away, to put pressure on the seller to get the paperwork done - knowing full well it wouldn't happen in 2 days, but it did happen in 5, instead of 2 to 4 more weeks of the file gathering dust.I am usually very persistent for my clients, as we really have nothing to lose!

When people lose sight of the work ethic or the value of money, they thing of work as something that they are forced to do.

With this model you could easily do 3-4 per year and make $10,000 on each one minimum.

You will need some additional cash over the 70% you can get from a hard money lender.If you do a deal under these terms where rehab plus purchase is 85% of ARV, you will lose money.

(you have to have the respect of the building inspectors or they can make your business VERY difficult)Luckily, we didnt pay much for it and we were able to sell the property to the neighbor so we didnt lose either.

You're losing several hundred a month, and just haven't noticed.Oh, I just did the math, and $1100 is just the P&I on $150,000 at the terms you cite.

I.E. the real estate investing strategy that anyone can do to the point that it loses value.