Knowing that you are a contractor and have been in the business for many years, I am assuming that your cost of repairs is only factoring in material cost, and you will do the work yourself.

(REOs = burning the midnight oil going through due diligence materials :lol: )1.

Bill has helped me with a deal here and also talked me though one in California, neither of which would have materialized without his expertise.

Thank You DawnI'd be happy to work with you and everything would be on thew table.I would be bidding at Norwalk CourtI'll be honest its a VERY competitive arena,gotta be patient there.I have taken Ward Hannigans foreclosure training at Innovest in San Diego.Maybe you have heard of Ward.Its east to under estimate rehabs,thats why houses that need only "cosmetic improvements" are winners.I.E housecleaning,new paint inside and out,lawn care,maybe a few shiny new plumbing fixturesLicensed,bonded,and workmans comp subcontractors with good reputations are out there but they do want top dollar for their services.Thats OK.I have used unskilled labor in the best for general clean up ,moving demo materials and painting prep.It works fine with CLOSE supervision.If you feel better about fully insured personnel that s fine to but rehab cost goes up dramaticallyI am very patient,creative and honest.I would insist any co investor would make their money first before I make one dollar.I also know a guy makes his reputation a day at a time,and youre only as good as your last job.If youd like to talk sometime please e mail me at [email protected] and we can exchange numbersMy BestDave DoyleMonrovia,Ca

If a contractor files a material and wormens lien against the property the day after the quit-claim is made, the contractor may still have a valid lien.

Im looking into a lot of these programs that offer materials that are apparently step by step to get you started but im not too sure what to think about something being that direct...Others have told me to just pull as much free info off BP that i can before i pay for anything so that's what I am doin at the moment...if anyone has any advice on how "you" got started, or just anything that comes to the top of your mind that you might have wanted to have shared with you back when you began, then feel free to share...i would really appreciate it...anyways BP it was nice to intro myself looking forward to all the networking and learning this forum looks like it has to offer....talk to you laterScott Smith

I am really uncertain how else to proceed....I am still certain this is a no-brainer (have had a contractor quote me $3200 for labor, priced out materials at $4000)....it will be VERY disappointing to not get a piece of this one......

If so what was your opinion of the material presented?

Hi Ivan, You can tell the seller that you get your materails form suppliers who require that you either be in title to the property as the owner or have a contractor's license and a contract from an owner to finance your materials.

While the program does have some merit, losing the financial incentives to the lender due to your loan size is not likely to have a material inpact on your deal - because of the size of the deal the incentives are really nominal to the lender.