you're not selling the property, you're selling the contract.like REI said, you'd better have a good deal if you're looking to shop it fast.i mean, either way, no matter what you're doing, make sure it's a good deal.

These neighborhoods are typically more active for wholesaling/rehabbing than the upper middle class suberbia.

Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.

He used to own his one high performance custom auto part shop and rather enjoys the RE investing lifestyle.Good luck.If you have questions find the right forum on BP and post away.Do check for a local REIA in your area as TX has some laws that are rather different from the rest of the US.

If the neighborhood is cramp and the home is 20K home, I would not spend $200 in sander rentals fee's and varnish and 6 hours of my time refinishing a hardwood floor.

I have purchased one foreclosure in my neighborhood and it was proftitable.

An example of a private owned ROW is when a developer builds a neighborhood.

Very old buildings full of small mom and pop retail shops.

My wife and I are looking into shopping for a rental property.

At the time I had 14 or so rentals, about 1/2 of which were NICER, BIGGER, AT LEAST AS GOOD OF NEIGHBORHOODS as where I lived.One day after returning from a round of golf and enjoying a beer or 5 two of my DEADBEAT tenants brought their rent (and late charges) over to me.