One of the main reason the last recession took longer than it should to recover were people like you who saw success during the growth period and all of a sudden the recession hit with no contingency plan to keep your investment.

Well if you are planning to live there for long better to invest now because if it is expensive now than it will not become suddenly cheaper later.

You can be driving down the road in a VERY high-end neighborhood and then suddenly without warning be in the hood for five or six blocks for no apparent rhyme or reason.

It is funny how one’s perspective changes and suddenly old houses you’ve driven by 1000 and never noticed now almost throw themselves into the road ahead of you.Keep up the podcast immersion and keep us posted on your progress.

After diving deeper into the forces driving the current state of the market, I continue to ask myself the following questions;  -What is propelling this surge in value?

@Travis HenryYes the general feeling I get from BP podcasts is that your first deal won’t make you suddenly rich, but it is the investment over the course of 10years or so that will create wealth.

However, it only applies if the following triggers are met:1) Visible hole or depression2) Structural damage occurs3) The movement is sudden 4) The insured structure is condemnedIf any of those are not met, then no coverage. 

One of them is all of a sudden breaking lease and this could up end qualification for the loan.

Suddenly, $45 looked like chump change for all the time spent and trouble taken.If you do the work, you'll have a better idea of what's involved in the work going forward.

On paper it looks like a decent deal and would cashflow very well without leverage and then very little depending on the level of leverage against it.This week as I was looking at other properties in the area I found a sudden glut of rental properties in this town.