If you’re truly interested in doing something similar, I suggest you consider the CCIM training (it’s a fantastic foundation upon which you can build a successful business) and compile a personal reference library of books on key subjects, such as commercial mortgage underwriting, property appraisal, income property syndication, etc.

But by marketing it extensively, I found my buyer who paid me $88K for it giving me profit of $17K (he paid for all the closing costs).The seller is happy because she can move on with her life and the bank did not go after her for the foreclosure.Bank is happy because they have one less bad loan on their books (which by the way is a big liability for them because of themold issue).The rehabber who bought it from me sold the house for $140K (in 8 months)...he made about $25K.What about you?

We've completed 1 successful rehab and have 2 pretty extensive works in progress.

A lease is drawn up for 12 months with 1 12 month extension.2.

A few years ago I bought my first home in Houston,TX, did some extensive remodeling, and have been renting it for the last two years.

When you feel more comfortable ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~check into Marty Boardman (Arizona investor ) flipping bookcheck into Biggerpockets flipping book with J ScottThese things alone will provide you with a solid footing into real estate investingBonus suggestion : your local library is your real estate best friend

I didn't feel comfortable using the per square foot method of determining the value.Also the rehab was looking much more extensive than expected.

It was a home that was flooded during Hurricane Isaac and has extensive damage and mold throughout the home.

I operate extensively in the Indianapolis market and just returned from there.

Through principal forgiveness or through rate reduction or through amortization extension?