I have done a lot of them, and would equate the extra work to doing an REO because there is a lot of paperwork, and phone calls with the lender involved, and in addition to that most of them require a lot of repairs, as these are already in foreclosure, and most of the time the owners have pretty much trashed the place, and it is a piled up filthy mess!

We can and are willing to pay the $6,000.The duplex will rent $525 per unit ($1,050/mo) after repairs are made.

Texas City, TX 2/1 ARV: $50k-55kRepair: $2500-3000 (may be less. very minimal repair)Fully Furnished (no refrigerator, stove, or television) Ready To Rent - $550-600/monthHouse #22315 5th Avenue N.Texas City, TX 1/1ARV: $35k-40kRepair: $2500-3000 (may be less. very minimal repair)Fully Furnished (no refrigerator, stove, or television) Ready To Rent- $400-450/monthTotal ARV of 1 & 2: $85k-90kTotal Repair of 1 & 2: $5k-6kTotal Rent for both 1 & 2: $950-1050/monthAsking price: $54.000thank youjhon

They can't help them because the sellers I deal with usually can't or don't want to even wait 3 months to sell their house, or the seller can't afford or doesn't want the hassle of repairing the house in order to sell it on the retail market.See as a wholesaler or as a rehabber, I am always looking for one of two things.

In my market I usually buy houses for 60-70% of ARV minus repairs.

I can send several different versions, and usually get a 1 to 2% response.We like to purchase prior to foreclosure because it gives you an opportunity to view the home and estimate repair costs.

Chuck Smith Ultimate Quick Cash Course Chuck Smith Luxury Homes Scott Rister Instant Cash Wholesaling Houses From Credit Repair to Credit Millionaire by Donna Fox Real Estate Investor by David Whisnant If anyone is interested in any of these email me [email protected] I am always looking for other material as well...I will let these go at a REAL GOOD PRICE too, I just want as much new information I can get my hands on.

If you want to make $50k on a house then you would need the purchase price, plus $50k, plus repair costs, plus financing costs, plus realtor costs, ect.

Seeking Private investor money for bank foreclosures Northern Chicago Land area.We work with 5 banks in Lake County IL area that provide foreclosure / REO deals.Seeking Private Money - Minimum amount: $250,000Rate of return: 12- 16%Funds used to buy homes at 60 - 70% ARVAverage price per home: $150,000 - $300,000 maxAverage repair time: <2 weeksAverage repair cost: $10,000 - $20,000 maxAverage days on market: 2 - 4 weeks.Agreesive marketing plan to retail homes @ 90% LTV with 5% down from buyer.

Good numbers to start out with are to buy at 70% of After Repaired Value (ARV) minus estimated repairs on the property.