If you are fixing and flipping, then yes it does make a lot of sense to refinance or borrow against equity, the interest rate will beat hard money anytime and that's good, plus when you're finished flipping the property you'll get your money back from the sale.

We havn't had deals like this sense 1997 if that give you an idea of how often investors buy listed reo's.

Makes sense now....When I saw the buyers agent agreement and saw a 2.5% fee...I thought it might be in addition to everything else.Will some listing agents ever reduce the price by 2.5% if you represent yourself and there is no buyers agent?

That makes sense as far as what you are saying goes.

Michael,Very few residential loans are assumable, in the sense that they explicitly allow another person to take over the loan.

I think what you said makes a lot of sense.

Does that make sense or would that not work?

:DThat sure makes sense, being in Central CA, I can say it sure gets hot in the middle of the day in the summer and the weather is perfect say around Spring and Fall time but yeah, I can see where trying to do a rehab in the dark wouldn't work.I am in the process of trying to find a property to purchase to rehab and then sell but have yet to find the right one.

I've a sense for what people expect as far as referral fees go.

As they say, History repeats itself it makes all the more sense to study that in college and continue to predict how things are going to be...