There are lots of bad deals too.

Surely, you could find bad deals right there in California.

Not bad?

Potentially very bad!

This can be bad news for an industry that is still trying to regain its equilibrium.

Using an example that I am currentlylooking at the numbers work using the cents on the dollar/equity method but don't look particular good using the traditional 70% of ARV (After Repaired Value) less repairs method.For example:Purchase price: 150,000ARV: 220,000Repair Cost: 30,000150/220=.68 cents on the dollar100-68=32% equityOR70% of 220,000= 154,000 less $30,000 = $124,000Based on the first method, the deal doesn't look bad, no?

Too bad there aren't more like you.

It's not a bad loan but you have the normal underwriting structure.

I want to make sure I understand what you are saying.In the example with the 13k to 50k in two years time are you saying that was a bad investment period, or just a bad investment for a beginning investor?

I've had bad checks come back as long as 12 days after they were written.Good Luck,Mike