I dont understand what you'd do with an escrow unless you were doing a short term deal and escrowing 6 payments or something on a rehab.

We are averaging about 4 under contract per week right now, but not all of those close due to some being short sales.

We found a Short sale for an 1850 sqft house that had been half way remodeled and was selling for 139k.

I just see it more from the short sale side, where a BK generally just buys a few months of time, at best.

Market had leveled off after the decline and there were lots of foreclosures, short sales and I ended up with my primary residence for a really good deal.

Also interested in learning short term investments.I've worked as an electrician for over thirteen years in NM, and; took on the dawnting, but educational, task of remodeling 80-90% of my own home doing roughly 75% of the work.

.- It creates a lien on investment property: asset protection.Normally LoC is good if you need money for a relatively short time, pull out and put it back.

Don't know if you are listening to the podcasts, but I tell everyone that they are like short courses on different REI strategies.

Long story short we settled on $550.00.Take away lesson is always get an estimate before giving a go ahead for any jobs.

My short story: I moved to Houston (Galleria Area) in the beginning of 2012 but really only been around 50% of the time for the first year (going back and forth to Denver for work) and now moving to League City in a few days.