Unless your lender comes in under this threshold, you have the listing agent find a buyer other than you.

They will get kind of annoyed if you keep inundating them with questions and it won't be worth it to them-they could get a contractor or laborer to do whatever you're doing for cheap and not have to deal with explaining themself every step of the way.

Getting a loan funded in under two weeks was a push.

Again so you're saying just put in under a purchase contract and do a wholesale situation and let the seller and buyer work out the lease purchase deal?

If so, those companies are going to be inundated with 1099s!

Originally posted by Jason Tropf:If anyone out there has real first hand experience flipping a single REO themselves, without performing significant repair, and making a descent profit spread, please post, I would love to hear the details.We generally do major remodels (down to the studs), but on occasion we'll do a flip that's literally paint-and-carpet and still make a decent profit.In fact, one of the first projects we ever did, we bought a house, put in under $6500 just to brace a basement wall, and sold it a week later.

The advertiser has taught "hundreds of students How To Grow" a 6 figure real estate business in under 6 months without using any of their own money or credit.

For example, our PM told us the property we presently have under contract would rent in under 30 days if priced around $1,000-1050/month, but may take 45-60 days to rent at $1,100.

Yep, for my last flip, the Home Depot bid room came in under 10% off for the whole order.

This is going to require an appraisal, and if you haven't done any work to the property (and especially if you're trying to a do a flip in under 90 days), you're going to have a difficult time convincing an appraiser/underwriter that the property is worth more than you bought it for.Now, if you're just trying to flip to another investor, this is just a form a wholesaling (where you take possession of the property first) and really isn't too difficult.