I would hope to get this property for 90,0000 take the loan for 110,000, using the extra 20,000 to bank, improvements and any catastrophic failures that could possibly happen.

I asked him how did he achieve this(he started with nothing) and he told me that he never dreamed of being worth $100 million, when he started his dream was being worth a thousand bucks and once he achieved that his dream grew to two thousand and so on and so forth.He told me to make goals that are reachable so that way you won't consider yourself a failure and every time you reach your previous goal it's like a dream come true.

I thought bank failure friday skipped a week!

•The loan failure rate is nearly zero.

So, failure is not an option, therefore let me throw out these numbers and I want to get everyone's advice what to do.

The failure to be picky is what caused many investors to fail in the last 2 years.

Title Companies & Real Estate Attorneys Provide You with Title Insurance,they alert You to "clouds" on title (or anything that COULD Be a problem that the seller neglected to "mention";Home/Structural Inspectors give You a size up of repairs needed,Apprraisers give You an accurate valuation of the property & marketplace (& also point out any obvious structural or neighborhood problems)With an appraisal, You'd KNOW Whether You were potentially paying too much or not....There isn't too much left except failure to follow thru after purchase in the case of making needed repairs?

No one ever said you won't do a bad deal - how can anyone ever succeed without failure?

In every case, IMHO, a fee based schedule that rewards failure.

Whether it is the fear of making a decision, the fear of failure, a fear of what other people will think, or the fear of success - the consequences are the same.