I totally agree with the other posters.

They were affordable, which is what I needed:2000sqft 5/2 - purchased REO and rehabbed for a total of 44K.

Day 70 - Offer #3 falls through.Day 70 - Buying agent from Offer #3 finds another buyer, we get a contract at same price.Day 71 - Open titleDay 73 - Title company calls me, and tells me there is 2 outstanding liens on the property totalling more than the accepted contract price.

For what it's worth here are my observations.........1- 80% of the information on investing in real estate being sold ranges from totally worthless to incorrect and or possibly illegal2- another 10% might work under some circumstances but either the recipient of the information needs a much more educated and experienced background than he is led to believe or the circumstances regarding the success of the method being sold are limited to a certain geographical area or a certain type of market3- the 10% of information that has value requires work, dedication, persistence, education to be used successfully.4- Certain types of individuals can self study utilizing free information available online and learn as much or more as any program or course will teach them5- most gurus are not currently successful using the methods they teach; they may have once been successful in a particular type of market or in a particular location, but they are not currently utilizing the method they teach successfully.

Basically,his contribution to this joint venture will be nothing but putting up all funds needed from start to finish and we split total profits 50/50 at close when sold.

I think it would totally depend on what type of neighborhood your property is in.

I have been quoted 2-3% on the total raise which is significantly better than others I have seen.

$915K total was put in, though some of that was retained for working capital.

Looking @ about $350 for 100 bandits and stakes for a total of 850 bucks.Not sure where to spend the rest.

It may sound like a lot, but in the event of a total loss (fire, earthquake, etc.), you'd be surprised how rapidly you'd go through that $60,000 trying to restore the "walls" to their former glory.