Posted by Bill Jacobsen on August 06, 2007 at 08:00:18:
I sometimes get one like that. Eventhough the margins are slimmer the time to prepare for sale is shorter so you can earn about the same in the long run.
I buy most of them as short sales and it is more difficult to get a good price when there isn’t much wrong with the house. There is also a lot of competition in flipping. I am not greedy and sometimes take what other investors have passed over.