[kwm]

Thanks for pointing out the difference between flipping and rehabbing. I agree with your definition. I see it like this, rehabbing is a much better investment for me than buying and selling stocks or a similar investment ops. for many reasons. One of which is that I know nothing at all about stocks and they can not hold my interest when I do try to learn about them. I am a DIY like many on this BBS. I have good tools, am VERY budget minded (ok a tightass is more exact), I have no children yet so I have free time, a strong back, a helluva work ethic, and since I sit at a desk all day I have energy to burn and like manual labor (as a hobby). I also have a buddy who works for a family owned mortgage/real estate company who is willing to list for me for free, not charge me realtor costs, provide me his home inspector at cost, his handyman at a discount, and help me get the best mortgage all on my first rehab then we strike a business agreement on rehabs going forward. I think many people just like to piss on a guy’s parade. I think it will work out and if it doesn't hey I tried and I at least own another home (I am not going to buy a house whose mortgage is more than I can afford to pay in addition to my present mortgage). To the CA guys on here.... when you live in an area with normal market values you don't have to work just to pay a mortgage and have the luxury of things like a $900 a month mortgage payment.