Hi this is David. I dont tend to look at many houses on the weekends as i prefer to have time for myself and my family. On thursday this week i had our local investor group big meeting here in memphis for the memphis investors group. i always make sure to print up at least 50 flyers with some homes i want to wholesale that i put on the dealmakers exchange table at the meeting. investor meetings besides providing education are a great way to network and meet and discuss deals and ideas.

On Friday i went and looked at a duplex that was really rundown and had an unintentional skylight from a bedroom up thru the roof. it is brick though and in a historical district, vacant, and supposedly must be converted back to single family. sometimes i get a little thrown off in certain areas trying to determine real values in neighborhoods. some neighborhoods in memphis sell for dramatically more than others on a per square foot basis. I have asked my partner to drive by and see what he thinks. on paper it looks like a good deal and i will probably buy it. cost 105k, repairs $40-50k to make it nice. comp on street at 190k.

i looked at an reo property near my own home later in the day and took pictures.

http://www.RealEstateTeleClinic.com/bazemore.htm

this house is a few doors away from my own home and we are looking at it as both possibly a short term corporate furnished rental home and as a guest home. plus it has a pool and i dont want to add one to my current home.