Updated about 14 years ago on . Most recent reply
My introduction. (California)
I can see my introduction is overdue. I've been asking questions and conversing already for a while without introducing myself. Sorry for the lack of manners. No excuses. At the end I am the one who could have benefited more by starting the way most BPers do. There must always be reasons behind the rules governing group's behavior.
So here I am. Hello from California!
In June I have made a (small) REO investment, after a few years away from RE. Now I am trying to figure the next best step, probably re-inventing the wheel more often than not, instead of putting my concerns on the table to see if the experienced people here will come with suggestions.
The spread btw what I paid and the ARV is huge. Will I still be able to sell for 50% of the ARV after taking out the cost of repairs, in spite of the small initial price at purchase?. Anyway, this is what is on my mind now.
Again, I admit I did not read the BP rules at first. Thank you all for being so nice about it (:
Joanne.