It depends on what price you paid for it. If you paid

low and cash flow is high, then, by all means it's very worth it. Some REO property's price is even below its land cost. Some 1950's foundation is sound, that's the most important factor. The rest, for example, dry wall, electric, cabinets, stairs, floorings, appliances, all can be replaced and upgraded within 20-30K (today's money). One important factor to consider is the land value. Is it located in a sought-after location? Is it a city/town where you see long term population increase, at least for the next 30 years?

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• 多谢， 问多一个问题 -比花花还花- ♂ (39 bytes) () 11/08/2008 postreply 16:47:07