I went through a house about 6 weeks ago that was bank owned and listed at $75k.... needed some work, but could be rehabbed and sold for about a conservative $5k-10k profit.

We have stumbled across a property being sold at an auction, no min bid, by an auction & realty llc.

My tenants are leaving and I must decide if I should sell or rent it again...I do not have to pay capital gains because I lived in it for two years therefore I could put the proceeds if I sold it into something else just for short term that I don't have to think about like a safer stock sell or hold?

Odds are good the house was sold in the 15 years since this question was posted;)

Actually the first week I sold about 200 bux worth ( my estimation ) for 7000.00 and folks screaming for more of the same.

I too hate hard copy Faxes.

Thanks guys, I managed to get some stress out tonight, I sold my baby (car), sporty Eagle Talon AWD Turbo:( Im going to miss it, but its time to move to Edmonton soon and need money, I cant belive I sold it and got good money..

usually comps are made to be like your home not the neighbors house that is 200,000 more than yours would be worth.just thought i would throw that in. i'm going to the auction soon and i want to know what that home sold for in the past or other homes in the area.

At the buyer's request, I will give a copy of the report.

I live in a smaller area but geez, every day i see a new house going up for sale and another one getting sold.