So if you are getting callers on an ad for a $450 house, they can't afford $550.If, by any chance, they actually do move in at $550, they are already ticked off at you because it appears to them that you lied to them about the rent, and you are taking advantage of them becasue they are poor.

I actually posted the same ad there yesterday.

Are you coming across these in ads from desperate sellers?

Buying 60 single family homes for 2 million with a combined appraisal of all properties adding up to 4.5 million.

That is our plan.The costs of renovating the property are added to the tax basis of the property for calculating the gains when the property is sold.

Pre NOD's are a gold mine.

Please be sure to keep and ad posts to the classifieds or they will be edited or removed.Thanks.

TALK TO PEOPLE about your business.Have you tried signs and newspaper ads.

Locally I am allowed to charge 110% of market value price, so if the normal 3 bed is going for 750 on a certain street or area I can easily charge 800-825.I have only had to evict one Sec8 tenant so far, and I generally have 30-40 people call for each housing ad I place when one is ready to go.

With millions of gimmick loans resetting this year, there will be literally millions of additional foreclosures, adding to the inventory on houses on the market.