I might even fix up the electrical enough to get power up, since I can do all that, and the cost of materials is next to nil, and that will enable me to run fans to air out the property, power tools to do the "puttering around," etc.2) If that fails to make it attractive enough for a cash buyer, offer the best terms possible to minimize the rehabber's out-of-pocket expenses and facilitate the easiest deal.

Part of that economic stimulus package is to bump up the conforming loan limit to $650,000.

I am seeing the banks starting to really freak out in some areas more and more, and now I know if I targeted those "areas", I could definitley put some successful packages together...I just need some way to find some time or delegate it else where.

In order for some lenders to package the deal for the secondary market, it will need to meet certain qualifications.

Finishing with higher end materials in a higher risk category is not a cost effective use of investment capital.Tim

from the price differences and the fact that one of the houses in newly built, while the others are older, means that you are probably looking in an area that has a lot of different style and size houses. this neighborhood was probably built over the course of many years, rather than by one builder.you need to look at sq. ft. and use that as a function in your determining price. come up with a price per sq. ft. for your comps and apply it to your house. different builders would also indicated different materials used to build, establish a discount for houses that are wood frame rather than block.

You have to look at the whole application package, and put all the pieces of the information puzzle together and see that they fit.

Once the root of the problem is solved, spray the affected areas with a 50/50 solution of bleach and water, and then replace the dry wall with new material.

ahhhhhh, it is clear to me now - just clicked on your signature link, and lo and behold, you sell a real estate analysis software package that probably does what your recomending my spreadsheet to do.

Welcome,This site has hundreds if not thousands of hours of learning material so read away, make some friends, seal some deals.David