If it is in the right spot, put something over it.

G.D. is spot on.

Hello everyone,I just spotted this site yesterday, and already learning so much from browsing all different topics and advice from all members.

Don't worry- I'm not going to name names or provide details-- but here are the numbers:$32K asking price$10K estimated rehab costs$55K ARV (After Repair Value)ASSUMING (and we all know what happens when you assume) that the rehab costs are spot on, and there are no carrying costs (carrying costs: mortage payments, utilities, non-owner occupied property insurance, property taxes, etc) because you rehab and sell it in less than 30 days...AND ASSUMING you sell it yourself and there are no realty commissions because miraculously you found a buyer in 30 days or less who is going to pay FULL ASKING PRICE in cash, and naturally this unicorn doesn't have closing costs, either- oh, and ALSO not using a broker, your AMAZING pre-tax profit would be:$55K sales price - $42K = $13KSince we're assuming things, let's talk about what you can REALLY assume:Assume your rehab costs run $12,000 (don't think an estimate can reasonably be off by 20%?

We will keep it as it is in the number one spot on the net!

And DON'T keep going over the same spot every couple of minutes.

Now that you're in this spot, and it seems that formal complaints have not been filed with the state or local association, do what you can to protect yourself and make this go away, watch your words and work closely with your broker.

Spot price was $1150.00 an oz that day.

I can make on the spot decisions about price and will not run you around like the lenders will!

Their reasoning is: if I use it to put in an offer, the offer gets approved, and they do not like the deal it then puts me in a very bad spot scrambling to find alternate funds.