Posted by Bud Branstetter on March 23, 2001 at 21:08:23:
You L/O pretty houses because you can get in lite. If you have to spend money for repairs you don’t use L/O. To much chance of problems with your cash at risk. Getting the deed, in which you control is another game. You buy if there enough equity to justify your capital expenditure. I don’t mean buying into that top 10% either. I’ve crossed out CD for both buy and sell. I also don’t feel the need to L/O either. Too easy to sell them on the Pactrust. I can do it on the low end properties too. It is just more expensive to have a third party facilitate.
I want to reinterate that its not hard to find good deals. It’s just hard getting rid of them permentately.