We just got a contract on our third rehab! - Posted by Jen- LA

Re: - Posted by Jen-LA

Posted by Jen-LA on November 11, 2000 at 15:09:41:

Not really, they just want to inspect the property (obviously) and then we give them a list of improvements and their estimated costs and they have a way of making the appraisal come out to right at 20% above what we need. funny how appraisals work that way…

REO? - Posted by Matt

Posted by Matt on November 13, 2000 at 09:11:42:

Sorry, I’m still kind of new to the real estate game, what is an REO? Thanks.

Re: We just got a contract on our third rehab! - Posted by JRS

Posted by JRS on November 19, 2000 at 16:39:04:

I guess that I should clarify that I have been searching for homes with at least 3 bedrooms. Several books state, as rule of thumb, to avoid the 1-2 bedroom homes. I guess your experience proves them wrong in your area.