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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Call me chicken. Posted by alfred on October 21, 2008 at 2:43 PM In Reply to: Wow, great information.. Anyone wanna add to the list!? posted by BIG on October 21, 2008 at 11:37 AM This title seasoning requirement is definitely a fly in the ointment. With such volatile markets, property valuations still on the decline (and probably continuing for at least an intermediate term), lenders in such trouble, etc. buy/fix/flip becomes a rather dicey endeavor. Really need to know your stuff to succeed. I think this market leans more towards: buy at major discount for as little down as possible... turn it into a rental... collect rents... hold for the long term (and I mean LONG term). Need a good loan source that is favorable to investors. I was planning on doing a foreclosure sale/rehab/flip but I'm backing off now. Too many random and variable dynamics making prediction very difficult. Call me chicken. Follow Ups: No need to back off... CC in OC 3:43 PM, 10/21/08 (3) Thanks for the encouragement, but... alfred 11:16 AM, 10/22/08 (2) Re: Thanks for the encouragement, but... GC 3:09 PM, 10/22/08 (0) You're right; this market is only for the intrepid... CC in OC 12:42 AM, 10/22/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : This title seasoning requirement is definitely a fly in the ointment. : With such volatile markets, property valuations still on the decline : (and probably continuing for at least an intermediate term), lenders : in such trouble, etc. buy/fix/flip becomes a rather dicey endeavor. : Really need to know your stuff to succeed. I think this market leans : more towards: buy at major discount for as little down as possible... : turn it into a rental... collect rents... hold for the long term (and : I mean LONG term). Need a good loan source that is favorable to investors. : I was planning on doing a foreclosure sale/rehab/flip but I'm backing off : now. Too many random and variable dynamics making prediction very : difficult. Call me chicken. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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