Bank your money and when opportunity comes, be ready to pounce.

Maybe boat moorage would be an additional income opportunity?

Hi Guys! I have a partner who has a home under contract and I might have a buyer who is interested. How do you work out the handling of contracts and fees between the two of us? Do we need a contract between us two to...

Hi Guys! I have a partner who has a home under contract and I might have a buyer who is interested. How do you work out the handling of contracts and fees between the two of us? Do we need a contract between us two to...

@Steve DellaPelle You neglected to deduct any amount for the opportunity value of the equity remaining in your property.

We are mainly buy and hold investors, but if the right opportunity comes around I don't have a problem selling.  

I don't think this is cut and dry but i typically try and see what might need to be done to occupy it, how strong the market is and what do you have to do to get a deal done because you don't want to pass an opportunity for paying a little on the upside but also don't want to overpay on something that has some question marks on it as well ( plus this is work you have to do which it would be good to be compensated for ) 

I will add that:The “arbitrage” opportunity only exists if an investor knows non-public information and can act on it.

I'm interested in the market and opportunities in Galveston, and don't know where to start with getting the right pulse. 

This makes their offer much stronger.You have the opportunity now to inspect it and run your numbers, which is what I would be doing.